Canaccord Genuity Reiterates Buy Rating for Zoopla Property Group PLC (ZPLA)
Zoopla Property Group PLC (LON:ZPLA)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity in a report released on Monday. They presently have a GBX 390 ($4.87) price objective on the stock. Canaccord Genuity’s price target indicates a potential upside of 21.19% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Jefferies Group lifted their target price on Zoopla Property Group PLC from GBX 430 ($5.37) to GBX 440 ($5.50) and gave the company a “buy” rating in a research note on Tuesday, September 20th. Macquarie lifted their price objective on Zoopla Property Group PLC from GBX 309 ($3.86) to GBX 360 ($4.50) and gave the stock an “outperform” rating in a research note on Monday, September 19th. Berenberg Bank lifted their price objective on Zoopla Property Group PLC from GBX 320 ($4.00) to GBX 400 ($5.00) and gave the stock a “buy” rating in a research note on Wednesday, October 19th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 288 ($3.60) price objective on shares of Zoopla Property Group PLC in a research note on Tuesday, August 16th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 265 ($3.31) price objective on shares of Zoopla Property Group PLC in a research note on Thursday, September 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 322.06 ($4.02).
Zoopla Property Group PLC (LON:ZPLA) opened at 324.40 on Monday. The company’s market cap is GBX 1.34 billion. The company has a 50-day moving average of GBX 315.49 and a 200-day moving average of GBX 305.31. Zoopla Property Group PLC has a one year low of GBX 189.62 and a one year high of GBX 349.00.
In other news, insider Chesterman,Alex sold 4,250,000 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of GBX 325 ($4.06), for a total value of £13,812,500 ($17,256,996.50). Also, insider Robin Klein purchased 30,750 shares of Zoopla Property Group PLC stock in a transaction dated Friday, September 30th. The stock was bought at an average cost of GBX 326 ($4.07) per share, with a total value of £100,245 ($125,243.63).
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About Zoopla Property Group PLC
Zoopla Property Group Plc is a provider of digital media and lead generation platform that owns and operates digital consumer brands, including Zoopla, uSwitch and PrimeLocation. The Company 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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