Scout24 SE (OTCMKTS:SCOTF) Given Average Recommendation of “Buy” by Brokerages

Shares of Scout24 SE (OTCMKTS:SCOTF) have earned a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation.

A number of research analysts have recently commented on the stock. Citigroup restated a “buy” rating on shares of Scout24 in a report on Wednesday, May 27th. The Goldman Sachs Group assumed coverage on shares of Scout24 in a report on Thursday, June 4th. They issued a “buy” rating on the stock.

Scout24 Price Performance

Shares of SCOTF opened at $85.00 on Thursday. The company’s fifty day simple moving average is $94.68 and its 200-day simple moving average is $108.08. Scout24 has a twelve month low of $81.30 and a twelve month high of $85.00.

Scout24 Company Profile

Scout24 AG is a Germany-based operator of digital marketplaces specializing in real estate and automotive sectors. Headquartered in Munich, the company’s flagship platforms include ImmobilienScout24, a leading online property portal in Germany and Austria, and AutoScout24, one of Europe’s largest online marketplaces for new and used vehicles. These platforms connect private individuals, brokers and dealers with prospective buyers through searchable listings, digital marketing tools and ancillary services such as valuation modules and financing calculators.

Founded in 1998 as ImmobilienScout GmbH and rebranded to Scout24 AG in 2004, the company has expanded its footprint to serve multiple European markets.