Peel Hunt Reiterates Buy Rating for ZPG (ZPG)

ZPG (LON:ZPG)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a note issued to investors on Friday. They presently have a GBX 400 ($5.42) price objective on the stock. Peel Hunt’s target price indicates a potential upside of 16.41% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Shore Capital restated a “buy” rating on shares of ZPG in a research report on Wednesday, November 29th. Barclays restated an “overweight” rating and issued a GBX 420 ($5.70) price objective (down previously from GBX 430 ($5.83)) on shares of ZPG in a research report on Thursday, November 30th. Numis Securities restated an “add” rating and issued a GBX 425 ($5.76) price objective on shares of ZPG in a research report on Wednesday, November 29th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 410 ($5.56) price objective on shares of ZPG in a research report on Monday, November 20th. Finally, Jefferies Group restated a “buy” rating and issued a GBX 542 ($7.35) price objective on shares of ZPG in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. ZPG has an average rating of “Buy” and an average target price of GBX 400.25 ($5.43).

Shares of ZPG (LON ZPG) opened at GBX 343.60 ($4.66) on Friday. The firm has a market cap of $1,510.00 and a PE ratio of 3,817.78. ZPG has a 1 year low of GBX 313.60 ($4.25) and a 1 year high of GBX 401.20 ($5.44).

ZPG (LON:ZPG) last posted its quarterly earnings data on Wednesday, November 29th. The company reported GBX 15.20 ($0.21) earnings per share for the quarter, beating the consensus estimate of GBX 14.30 ($0.19) by GBX 0.90 ($0.01). The firm had revenue of £244.54 million during the quarter. ZPG had a net margin of 16.18% and a return on equity of 17.67%.

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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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