Deutsche Bank AG Reiterates Hold Rating for Zpg Plc (ZPG)
Zpg Plc (LON:ZPG)‘s stock had its “hold” rating restated by Deutsche Bank AG in a report issued on Tuesday. They presently have a GBX 340 ($4.49) price target on the stock. Deutsche Bank AG’s price target would indicate a potential downside of 4.74% from the company’s current price.
A number of other brokerages also recently commented on ZPG. Numis Securities Ltd reissued an “add” rating and issued a GBX 425 ($5.61) price objective on shares of Zpg Plc in a research note on Thursday, September 7th. Peel Hunt upped their price target on Zpg Plc from GBX 390 ($5.15) to GBX 400 ($5.28) and gave the stock an “add” rating in a research report on Monday, September 18th. Credit Suisse Group upped their price target on Zpg Plc from GBX 440 ($5.81) to GBX 460 ($6.07) and gave the stock an “outperform” rating in a research report on Thursday, September 7th. Liberum Capital reaffirmed a “buy” rating and set a GBX 450 ($5.94) price target on shares of Zpg Plc in a research report on Thursday, September 7th. Finally, Panmure Gordon reaffirmed a “hold” rating and set a GBX 350 ($4.62) price target on shares of Zpg Plc in a research report on Tuesday, July 4th. One equities research 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 presently has a consensus rating of “Hold” and a consensus target price of GBX 406.46 ($5.36).
Zpg Plc (LON ZPG) opened at 354.20 on Tuesday. Zpg Plc has a 52-week low of GBX 273.83 and a 52-week high of GBX 401.20. The company’s 50-day moving average price is GBX 362.08 and its 200-day moving average price is GBX 362.38. The company’s market cap is GBX 1.49 billion.
In other news, insider Alex Chesterman sold 4,250,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of GBX 363 ($4.79), for a total transaction of £15,427,500 ($20,358,273.95). Over the last ninety days, insiders have bought 124 shares of company stock worth $44,965.
Zpg Plc Company Profile
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, PrimeLocation and Hometrack. 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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