Zpg Plc (ZPG) Raised to Outperform at Macquarie
Zpg Plc (LON:ZPG) was upgraded by research analysts at Macquarie to an “outperform” rating in a research report issued on Tuesday. The firm currently has a GBX 411 ($5.31) price target on the stock, up from their prior price target of GBX 372 ($4.80). Macquarie’s target price suggests a potential upside of 11.08% from the company’s current price.
A number of other equities research analysts have also issued reports on ZPG. Peel Hunt reissued an “add” rating and set a GBX 390 ($5.04) target price on shares of Zpg Plc in a research note on Thursday, September 7th. Numis Securities Ltd reissued an “add” rating and set a GBX 425 ($5.49) target price on shares of Zpg Plc in a research note on Thursday, September 7th. Deutsche Bank AG lifted their target price on shares of Zpg Plc from GBX 325 ($4.20) to GBX 340 ($4.39) and gave the company a “hold” rating in a research note on Friday. Liberum Capital reissued a “buy” rating and set a GBX 450 ($5.81) target price on shares of Zpg Plc in a research note on Tuesday, August 8th. Finally, Credit Suisse Group lifted their target price on shares of Zpg Plc from GBX 440 ($5.68) to GBX 460 ($5.94) and gave the company an “outperform” rating in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 405.69 ($5.24).
Shares of Zpg Plc (ZPG) opened at 372.30 on Tuesday. The stock’s 50 day moving average price is GBX 355.70 and its 200-day moving average price is GBX 365.59. The firm’s market capitalization is GBX 1.57 billion. Zpg Plc has a 12-month low of GBX 273.83 and a 12-month high of GBX 401.20.
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In related news, insider Alex Chesterman sold 4,250,000 shares of Zpg Plc stock in a transaction on Friday, September 8th. The shares were sold at an average price of GBX 363 ($4.69), for a total value of £15,427,500 ($19,924,447.89). Insiders have bought a total of 125 shares of company stock worth $45,329 in the last 90 days.
About Zpg Plc
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 and PrimeLocation. 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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