Zoopla Property Group PLC’s (ZPLA) “Overweight” Rating Reaffirmed at Barclays PLC
Zoopla Property Group PLC (LON:ZPLA)‘s stock had its “overweight” rating reissued by analysts at Barclays PLC in a report issued on Thursday. They currently have a GBX 370 ($4.59) price objective on the stock. Barclays PLC’s price target would suggest a potential upside of 10.48% from the stock’s previous close.
ZPLA has been the topic of a number of other research reports. Numis Securities Ltd reissued an “add” rating and set a GBX 360 ($4.47) price target on shares of Zoopla Property Group PLC in a research note on Wednesday. Canaccord Genuity increased their price target on Zoopla Property Group PLC from GBX 375 ($4.65) to GBX 390 ($4.84) and gave the stock a “buy” rating in a research note on Friday, September 16th. Jefferies Group increased their price target on Zoopla Property Group PLC from GBX 430 ($5.33) to GBX 440 ($5.46) and gave the stock a “buy” rating in a research note on Tuesday, September 20th. Macquarie increased their price target on Zoopla Property Group PLC from GBX 309 ($3.83) to GBX 360 ($4.47) and gave the stock an “outperform” rating in a research note on Monday, September 19th. Finally, Berenberg Bank increased their price target on Zoopla Property Group PLC from GBX 320 ($3.97) to GBX 400 ($4.96) and gave the stock a “buy” rating in a research note on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 328.53 ($4.08).
Zoopla Property Group PLC (LON:ZPLA) opened at 334.90 on Thursday. The company has a 50-day moving average price of GBX 313.15 and a 200-day moving average price of GBX 305.85. The stock’s market capitalization is GBX 1.39 billion. Zoopla Property Group PLC has a 12-month low of GBX 189.62 and a 12-month high of GBX 349.30.
The company also recently disclosed a dividend, which will be paid on Thursday, February 9th. Shareholders of record on Thursday, December 15th will be given a GBX 3.70 ($0.05) dividend. This is a boost from Zoopla Property Group PLC’s previous dividend of $1.50. This represents a yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 15th.
In related news, insider Robin Klein purchased 30,750 shares of Zoopla Property Group PLC stock in a transaction dated Friday, September 30th. The shares were acquired at an average price of GBX 326 ($4.04) per share, with a total value of £100,245 ($124,358.02). Also, insider Chesterman,Alex sold 4,250,000 shares of the stock in a transaction dated Monday, September 19th. The stock was sold at an average price of GBX 325 ($4.03), for a total transaction of £13,812,500 ($17,134,970.85).
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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