Zoopla Property Group PLC (ZPLA) Given “Outperform” Rating at Macquarie
Zoopla Property Group PLC (LON:ZPLA)‘s stock had its “outperform” rating restated by analysts at Macquarie in a report released on Monday. They currently have a GBX 360 ($4.46) target price on the stock. Macquarie’s price objective suggests a potential upside of 10.06% from the company’s current price.
ZPLA has been the subject of a number of other research reports. Barclays PLC raised Zoopla Property Group PLC to an “overweight” rating and upped their price target for the stock from GBX 250 ($3.09) to GBX 335 ($4.15) in a report on Monday, September 5th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 390 ($4.83) price target on shares of Zoopla Property Group PLC in a report on Friday, October 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 390 ($4.83) price target on shares of Zoopla Property Group PLC in a report on Wednesday, September 28th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 300 ($3.71) price objective on shares of Zoopla Property Group PLC in a research note on Wednesday, October 12th. Finally, Numis Securities Ltd boosted their price objective on Zoopla Property Group PLC from GBX 340 ($4.21) to GBX 360 ($4.46) and gave the stock an “add” rating in a research note on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Zoopla Property Group PLC presently has a consensus rating of “Hold” and an average target price of GBX 317.06 ($3.92).
Shares of Zoopla Property Group PLC (LON:ZPLA) opened at 322.80 on Monday. The company’s market capitalization is GBX 1.34 billion. Zoopla Property Group PLC has a 52 week low of GBX 189.62 and a 52 week high of GBX 349.00. The company’s 50 day moving average price is GBX 323.70 and its 200-day moving average price is GBX 297.57.
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In related news, insider Chesterman,Alex sold 4,250,000 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of GBX 325 ($4.02), for a total value of £13,812,500 ($17,094,678.22). Also, insider Robin Klein purchased 30,750 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were purchased at an average price of GBX 326 ($4.03) per share, for a total transaction of £100,245 ($124,065.59).
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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