Barclays Reiterates “Overweight” Rating for ZPG (ZPG)
ZPG (LON:ZPG)‘s stock had its “overweight” rating restated by investment analysts at Barclays in a research report issued to clients and investors on Thursday. They presently have a GBX 420 ($5.62) price objective on the stock, down from their previous price objective of GBX 430 ($5.76). Barclays’ target price would indicate a potential upside of 27.04% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. Shore Capital reaffirmed a “buy” rating on shares of ZPG in a research report on Wednesday, August 16th. Liberum Capital reissued a “buy” rating and issued a GBX 450 ($6.03) price objective on shares of ZPG in a research report on Wednesday, August 16th. Finally, Peel Hunt reissued an “add” rating and issued a GBX 390 ($5.22) price objective on shares of ZPG in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 396.12 ($5.30).
Shares of ZPG (ZPG) traded up GBX 7.70 ($0.10) during trading hours on Thursday, hitting GBX 330.60 ($4.43). The company had a trading volume of 1,018,051 shares, compared to its average volume of 783,648. ZPG has a one year low of GBX 304.61 ($4.08) and a one year high of GBX 401.20 ($5.37).
ZPG (LON:ZPG) last announced its earnings results on Wednesday, November 29th. The company reported GBX 15.20 ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 18.48% and a net margin of 14.35%.
In other ZPG news, insider Alex Chesterman sold 4,250,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of GBX 363 ($4.86), for a total value of £15,427,500 ($20,660,908.00). Over the last 90 days, insiders acquired 125 shares of company stock worth $45,021.
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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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