Scout24 AG (OTCMKTS:SCOTF) Receives Average Rating of “Buy” from Analysts

Scout24 AG (OTCMKTS:SCOTF – Get Rating) has received a consensus rating of “Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $70.50.

SCOTF has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Scout24 from €67.00 ($72.83) to €68.00 ($73.91) and gave the company an “overweight” rating in a research note on Wednesday, March 2nd. Jefferies Financial Group initiated coverage on Scout24 in a research note on Wednesday, February 2nd. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group initiated coverage on Scout24 in a research note on Thursday, January 20th. They issued a “neutral” rating on the stock.

Shares of OTCMKTS:SCOTF opened at $62.64 on Friday. Scout24 has a 12-month low of $60.14 and a 12-month high of $72.90. The stock’s 50-day moving average price is $62.64 and its two-hundred day moving average price is $68.09.

About Scout24 (Get Rating)

Scout24 AG operates ImmoScout24, a digital platform for the residential and commercial real estate sectors in Germany and internationally. It operates its portal for commercial and private customers for the sale and rental of real estate properties; and for support services, such as customer acquisition and customer relationship management, and care for business real estate professionals.

Featured Articles