ZPG (ZPG) Earns Add Rating from Peel Hunt

ZPG (LON:ZPG)‘s stock had its “add” rating reissued by research analysts at Peel Hunt in a report issued on Monday. They presently have a GBX 400 ($5.36) price target on the stock. Peel Hunt’s price target indicates a potential upside of 20.99% from the company’s current price.

Several other analysts also recently issued reports on the company. Deutsche Bank restated a “hold” rating and issued a GBX 340 ($4.55) price objective on shares of ZPG in a research report on Thursday. Barclays restated an “overweight” rating and issued a GBX 420 ($5.62) price objective (down from GBX 430 ($5.76)) on shares of ZPG in a research report on Thursday. Numis Securities restated an “add” rating and issued a GBX 425 ($5.69) price objective on shares of ZPG in a research report on Wednesday, November 29th. Shore Capital restated a “buy” rating on shares of ZPG in a research report on Wednesday, November 29th. Finally, Jefferies Group restated a “buy” rating and issued a GBX 542 ($7.26) price objective on shares of ZPG in a research report on Monday, November 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 396.12 ($5.30).

Shares of ZPG (ZPG) opened at GBX 330.60 ($4.43) on Monday. ZPG has a twelve month low of GBX 304.61 ($4.08) and a twelve month high of GBX 401.20 ($5.37).

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

In related news, insider Alex Chesterman sold 4,250,000 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of GBX 363 ($4.86), for a total transaction of £15,427,500 ($20,660,908.00). Insiders have purchased 125 shares of company stock worth $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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