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

Scout24 SE (OTCMKTS:SCOTF) has earned an average recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation.

A number of brokerages have issued reports on SCOTF. The Goldman Sachs Group started coverage on Scout24 in a research report on Thursday, June 4th. They set a “buy” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of Scout24 in a research note on Wednesday, May 27th.

Scout24 Stock Performance

OTCMKTS:SCOTF opened at $85.00 on Tuesday. Scout24 has a 52 week low of $81.30 and a 52 week high of $85.00. The stock’s 50-day moving average price is $84.22 and its 200-day moving average price is $97.54.

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.