Peel Hunt Reiterates “Add” Rating for ZPG (ZPG)
ZPG (LON:ZPG)‘s stock had its “add” rating reissued by equities research analysts at Peel Hunt in a research note issued to investors on Monday. They currently have a GBX 400 ($5.38) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 18.73% from the company’s previous close.
ZPG has been the subject of several other reports. Macquarie upgraded ZPG to an “outperform” rating and boosted their price target for the company from GBX 372 ($5.01) to GBX 411 ($5.53) in a research note on Tuesday, September 12th. Deutsche Bank reiterated a “hold” rating and issued a GBX 340 ($4.58) price target on shares of ZPG in a research note on Thursday, November 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 410 ($5.52) price target on shares of ZPG in a research note on Monday, November 20th. Shore Capital reiterated a “buy” rating on shares of ZPG in a research note on Friday, October 13th. Finally, Numis Securities reiterated an “add” rating and issued a GBX 425 ($5.72) price target on shares of ZPG in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 396.12 ($5.33).
Shares of ZPG (LON ZPG) opened at GBX 336.90 ($4.53) on Monday. ZPG has a 52 week low of GBX 304.61 ($4.10) and a 52 week high of GBX 401.20 ($5.40).
ZPG (LON:ZPG) last posted its earnings results on Wednesday, November 29th. The company reported GBX 15.20 ($0.20) EPS for the quarter, beating the consensus estimate of GBX 14.30 ($0.19) by GBX 0.90 ($0.01). The company had revenue of £244.54 million for the quarter. ZPG had a return on equity of 17.67% and a net margin of 16.18%.
In other news, insider Alex Chesterman sold 4,250,000 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of GBX 363 ($4.89), for a total value of £15,427,500 ($20,763,795.42). Insiders bought a total of 125 shares of company stock valued at $45,021 over the last quarter.
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ZPG Company Profile
ZPG PLC, formerly Zoopla Property Group Plc, is a provider of digital media and lead generation platform that owns and operates digital consumer brands, including Zoopla, uSwitch, PrimeLocation and Hometrack. it has two divisions: Property Services and Comparison Services. The Property Services division includes the United Kingdom (UK) Agency, which represents property advertising services provided to estate agents and lettings agents; New Homes, which represents property advertising services provided to new home developers, and Other Property Services, which represents overseas property advertising services, display advertising and data services.
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