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

Scout24 SE (OTCMKTS:SCOTF) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

A number of brokerages have weighed in on SCOTF. UBS Group upgraded shares of Scout24 to a “buy” rating in a research report on Monday, February 9th. Jefferies Financial Group upgraded shares of Scout24 to a “buy” rating in a report on Tuesday, January 6th. Finally, Morgan Stanley raised shares of Scout24 from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 9th.

Scout24 Price Performance

OTCMKTS SCOTF opened at $115.36 on Friday. The firm’s 50-day moving average is $115.36 and its two-hundred day moving average is $120.25. Scout24 has a 12 month low of $115.36 and a 12 month high of $141.53.

Scout24 declared that its board has approved a share repurchase program on Wednesday, December 3rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.