ZPG’s (ZPG) Overweight Rating Reiterated at Barclays

Barclays reissued their overweight rating on shares of ZPG (LON:ZPG) in a research report report published on Thursday morning. The firm currently has a GBX 420 ($5.62) price objective on the stock, down from their prior price objective of GBX 430 ($5.76).

A number of other equities research analysts have also recently commented on the stock. Jefferies Group reiterated a buy rating and issued a GBX 542 ($7.26) target price on shares of ZPG in a research report on Tuesday, November 14th. Peel Hunt restated an add rating and set a GBX 400 ($5.36) price objective on shares of ZPG in a research report on Thursday, November 2nd. Credit Suisse Group raised their price objective on shares of ZPG from GBX 440 ($5.89) to GBX 460 ($6.16) and gave the stock an outperform rating in a research report on Thursday, September 7th. Liberum Capital restated a buy rating and set a GBX 450 ($6.03) price objective on shares of ZPG in a research report on Wednesday, August 30th. Finally, Deutsche Bank restated a hold rating and set a GBX 340 ($4.55) price objective on shares of ZPG in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. ZPG presently has a consensus rating of Hold and an average price target of GBX 396.12 ($5.30).

Shares of ZPG (ZPG) opened at GBX 329.23 ($4.41) on Thursday. ZPG has a 12-month low of GBX 304.61 ($4.08) and a 12-month high of GBX 401.20 ($5.37).

ZPG (LON:ZPG) last issued its earnings results on Wednesday, November 29th. The company reported GBX 15.20 ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 14.30 ($0.19) by GBX 0.90 ($0.01). The business had revenue of £244.54 million during the quarter. ZPG had a net margin of 14.35% and a return on equity of 18.48%.

In other ZPG news, insider Alex Chesterman sold 4,250,000 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of GBX 363 ($4.86), for a total transaction of £15,427,500 ($20,660,908.00). In the last ninety days, insiders have acquired 125 shares of company stock valued at $45,021.

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About ZPG

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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