Zpg Plc (ZPG) Given New GBX 340 Price Target at Deutsche Bank AG
Zpg Plc (LON:ZPG) had its price target lifted by equities researchers at Deutsche Bank AG from GBX 325 ($4.20) to GBX 340 ($4.39) in a research note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s target price points to a potential downside of 7.98% from the company’s current price.
Several other research firms have also recently issued reports on ZPG. Numis Securities Ltd restated an “add” rating and set a GBX 425 ($5.49) price objective on shares of Zpg Plc in a report on Thursday. Jefferies Group LLC restated a “buy” rating and set a GBX 483 ($6.24) price objective on shares of Zpg Plc in a report on Friday, June 23rd. Peel Hunt restated an “add” rating and set a GBX 390 ($5.04) price objective on shares of Zpg Plc in a report on Wednesday, May 24th. Credit Suisse Group raised their price objective on Zpg Plc from GBX 440 ($5.68) to GBX 460 ($5.94) and gave the stock an “outperform” rating in a report on Thursday. Finally, Liberum Capital restated a “buy” rating and set a GBX 450 ($5.81) price objective on shares of Zpg Plc in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 401.85 ($5.19).
Zpg Plc (ZPG) traded up 2.10% during trading on Friday, reaching GBX 369.50. The company’s stock had a trading volume of 587,627 shares. The company has a 50 day moving average price of GBX 356.06 and a 200-day moving average price of GBX 365.99. Zpg Plc has a 52 week low of GBX 273.83 and a 52 week high of GBX 401.20. The company’s market capitalization is GBX 1.55 billion.
In related news, insider Alex Chesterman sold 4,250,000 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of GBX 363 ($4.69), for a total value of £15,427,500 ($19,924,447.89).
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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