Scout24 (OTCMKTS:SCOTF) Price Target Cut to €70.00 by Analysts at JPMorgan Chase & Co.

Scout24 (OTCMKTS:SCOTF) had its price target lowered by JPMorgan Chase & Co. from €71.00 ($80.68) to €70.00 ($79.55) in a research report released on Friday morning, The Fly reports.

SCOTF has been the subject of a number of other research reports. Berenberg Bank started coverage on shares of Scout24 in a research note on Monday, December 13th. They set a buy rating for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Scout24 from €80.00 ($90.91) to €73.00 ($82.95) and set a buy rating for the company in a research note on Friday, December 3rd. Finally, Barclays reiterated an equal weight rating on shares of Scout24 in a research note on Friday, November 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $71.50.

Shares of OTCMKTS:SCOTF opened at $69.93 on Friday. The company’s 50 day moving average is $72.42 and its two-hundred day moving average is $77.17. Scout24 has a 52 week low of $66.29 and a 52 week high of $72.90.

About Scout24

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.

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