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

Shares of Scout24 SE (OTCMKTS:SCOTF) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company.

SCOTF has been the subject of several recent analyst reports. Morgan Stanley upgraded shares of Scout24 from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 9th. Citigroup reaffirmed a “buy” rating on shares of Scout24 in a report on Monday, November 3rd. UBS Group raised Scout24 to a “buy” rating in a research report on Monday. Jefferies Financial Group upgraded Scout24 to a “buy” rating in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Scout24 in a research note on Monday, November 3rd.

Scout24 Stock Performance

Shares of Scout24 stock opened at $115.36 on Monday. The company has a 50-day simple moving average of $115.36 and a two-hundred day simple moving average of $119.06. Scout24 has a one year low of $115.36 and a one year high of $141.53.

Scout24 announced that its board has approved a share repurchase plan on Wednesday, December 3rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication 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.