Scout24 SE (OTCMKTS:SCOTF) Receives Average Rating of “Buy” from Brokerages

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

Several equities research analysts have commented on SCOTF shares. The Goldman Sachs Group started coverage on shares of Scout24 in a research note on Thursday, June 4th. They issued a “buy” rating for the company. Citigroup restated a “buy” rating on shares of Scout24 in a research note on Wednesday, May 27th.

Scout24 Price Performance

SCOTF opened at $83.23 on Friday. The company’s 50-day moving average is $84.79 and its 200 day moving average is $101.38. Scout24 has a fifty-two week low of $81.30 and a fifty-two week 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.