Peel Hunt Reiterates “Buy” Rating for Gocompare.Com Group PLC (GOCO)
Gocompare.Com Group PLC (LON:GOCO)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a report released on Thursday. They presently have a GBX 120 ($1.59) price objective on the stock. Peel Hunt’s price target would suggest a potential upside of 21.21% from the stock’s current price.
Several other equities analysts also recently weighed in on the stock. Canaccord Genuity lifted their price target on shares of Gocompare.Com Group PLC from GBX 92 ($1.22) to GBX 106 ($1.41) and gave the stock a “hold” rating in a report on Tuesday, July 11th. Berenberg Bank assumed coverage on shares of Gocompare.Com Group PLC in a report on Wednesday, September 13th. They set a “buy” rating and a GBX 130 ($1.73) price target for the company. Finally, Investec reiterated a “sell” rating and set a GBX 99 ($1.32) price target on shares of Gocompare.Com Group PLC in a report on Tuesday, August 1st.
Shares of Gocompare.Com Group PLC (LON GOCO) traded down 2.46% during mid-day trading on Thursday, reaching GBX 99.00. 466,658 shares of the company traded hands. The company’s market capitalization is GBX 414.12 million. Gocompare.Com Group PLC has a 52 week low of GBX 56.50 and a 52 week high of GBX 117.00. The stock’s 50-day moving average is GBX 104.78 and its 200-day moving average is GBX 101.34.
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In other news, insider Peter Wood sold 21,334,672 shares of Gocompare.Com Group PLC stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of GBX 100 ($1.33), for a total transaction of £21,334,672 ($28,347,956.42). Over the last quarter, insiders have bought 416 shares of company stock valued at $44,904.
About Gocompare.Com Group PLC
Gocompare.com Group plc is a holding company. The Company’s principal activity is providing an insurance price and product comparison Website. Its segments include Insurance and Strategic Initiatives. It operates a United Kingdom-based price and product comparison Website, Gocompare.com. Gocompare.com offers an online service that enables consumers to compare the prices and features of products.
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