Credit Suisse Group AG Reaffirms “Outperform” Rating for Zoopla Property Group PLC (ZPLA)
Zoopla Property Group PLC (LON:ZPLA)‘s stock had its “outperform” rating reissued by equities researchers at Credit Suisse Group AG in a research note issued to investors on Wednesday. They presently have a GBX 390 ($5.09) price objective on the stock. Credit Suisse Group AG’s target price would indicate a potential upside of 23.38% from the company’s current price.
Several other research firms have also commented on ZPLA. Numis Securities Ltd boosted their price objective on shares of Zoopla Property Group PLC from GBX 285 ($3.72) to GBX 340 ($4.44) and gave the stock an “add” rating in a research report on Thursday, June 16th. Barclays PLC decreased their price objective on shares of Zoopla Property Group PLC from GBX 335 ($4.37) to GBX 250 ($3.26) and set an “equal weight” rating on the stock in a research report on Monday, July 4th. Deutsche Bank AG upped their target price on shares of Zoopla Property Group PLC from GBX 260 ($3.39) to GBX 280 ($3.65) and gave the company a “hold” rating in a report on Friday, June 3rd. Jefferies Group upped their target price on shares of Zoopla Property Group PLC from GBX 415 ($5.42) to GBX 430 ($5.61) and gave the company a “buy” rating in a report on Tuesday, May 31st. Finally, Canaccord Genuity restated a “buy” rating and issued a GBX 375 ($4.89) target price on shares of Zoopla Property Group PLC in a report on Monday, June 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Zoopla Property Group PLC presently has an average rating of “Hold” and a consensus target price of GBX 314.56 ($4.11).
Zoopla Property Group PLC (LON:ZPLA) traded up 3.16% during trading on Wednesday, hitting GBX 326.10. 86,226 shares of the stock traded hands. The company’s 50 day moving average price is GBX 315.06 and its 200-day moving average price is GBX 290.66. Zoopla Property Group PLC has a 52-week low of GBX 189.62 and a 52-week high of GBX 343.00. The stock’s market cap is GBX 1.35 billion.
In other Zoopla Property Group PLC news, insider Chesterman,Alex sold 4,250,000 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of GBX 325 ($4.24), for a total value of £13,812,500 ($18,029,630.60).
Zoopla Property Group PLC Company Profile
Zoopla Property Group Plc is a United Kingdom-based company that is engaged in digital media business. The Company owns and operates online property brands, including Zoopla, PrimeLocation, SmartNewHomes and HomesOverseas. The Company provides online resources to property consumers. The Company’s products, such as ZooplaPro and MarketView, provide members with information on their marketing performance and their competitive position in a local area.
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