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

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

A number of research firms have recently weighed in on SCOTF. The Goldman Sachs Group began coverage on Scout24 in a research report on Thursday, June 4th. They issued a “buy” rating for the company. Citigroup reissued a “buy” rating on shares of Scout24 in a research report on Wednesday, May 27th.

Scout24 Stock Performance

Shares of OTCMKTS SCOTF 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.

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.