Scout24 SE (OTCMKTS:SCOTF) Receives Average Recommendation of “Buy” from Analysts

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

A number of equities analysts recently issued reports on SCOTF shares. The Goldman Sachs Group started coverage on 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

Scout24 stock opened at $85.00 on Monday. Scout24 has a 1-year low of $81.30 and a 1-year high of $85.00. The business has a fifty day moving average price of $87.39 and a 200-day moving average price of $105.51.

About Scout24

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.