Scout24 SE (OTCMKTS:SCOTF) Receives Consensus Rating of “Moderate Buy” from Analysts

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

Several research firms recently commented on SCOTF. UBS Group raised Scout24 to a “buy” rating in a research report on Monday, February 9th. Jefferies Financial Group raised 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 report on Friday, January 9th.

Scout24 Stock Performance

Shares of SCOTF opened at $115.36 on Friday. The business’s fifty day simple moving average is $115.36 and its two-hundred day simple moving average is $120.73. Scout24 has a 12 month low of $115.36 and a 12 month high of $141.53.

Scout24 announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 3rd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

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.