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

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

Several research firms have weighed in on SCOTF. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Scout24 in a research note on Monday, November 3rd. UBS Group raised shares of Scout24 to a “buy” rating in a research report on Monday. Morgan Stanley upgraded shares of Scout24 from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 9th. Citigroup reissued a “buy” rating on shares of Scout24 in a research note on Monday, November 3rd. Finally, Jefferies Financial Group raised shares of Scout24 to a “buy” rating in a research note on Tuesday, January 6th.

Scout24 Price Performance

SCOTF opened at $115.36 on Monday. Scout24 has a 12-month low of $115.36 and a 12-month high of $141.53. The firm’s fifty day moving average price is $115.36 and its 200 day moving average price is $119.53.

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