ZPG’s (ZPG) “Hold” Rating Reaffirmed at Deutsche Bank
ZPG (LON:ZPG)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank in a research note issued on Thursday. They presently have a GBX 340 ($4.55) target price on the stock. Deutsche Bank’s target price indicates a potential upside of 5.30% from the company’s current price.
ZPG has been the subject of several other reports. Liberum Capital restated a “buy” rating and set a GBX 450 ($6.03) target price on shares of ZPG in a research report on Wednesday, August 30th. Numis Securities restated an “add” rating and set a GBX 425 ($5.69) target price on shares of ZPG in a research report on Thursday, September 7th. Macquarie upgraded shares of ZPG to an “outperform” rating and boosted their target price for the company from GBX 372 ($4.98) to GBX 411 ($5.50) in a research report on Tuesday, September 12th. Peel Hunt restated an “add” rating and set a GBX 400 ($5.36) target price on shares of ZPG in a research report on Thursday, October 5th. Finally, Jefferies Group restated a “buy” rating and set a GBX 542 ($7.26) target price on shares of ZPG in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 396.12 ($5.30).
Shares of ZPG (LON ZPG) traded up GBX 1.20 ($0.02) during midday trading on Thursday, reaching GBX 322.90 ($4.32). 1,429,513 shares of the company traded hands, compared to its average volume of 783,648. ZPG has a 12 month low of GBX 304.61 ($4.08) and a 12 month high of GBX 401.20 ($5.37).
In other news, insider Alex Chesterman sold 4,250,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of GBX 363 ($4.86), for a total value of £15,427,500 ($20,660,908.00). Insiders bought 125 shares of company stock worth $45,021 in the last three months.
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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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