ZPG’s (ZPG) “Add” Rating Reiterated at Peel Hunt

Peel Hunt reissued their add rating on shares of ZPG (LON:ZPG) in a report released on Monday morning. They currently have a GBX 400 ($5.38) target price on the stock.

Other equities analysts have also issued research reports about the company. Numis Securities reiterated an add rating and issued a GBX 425 ($5.72) price target on shares of ZPG in a research note on Thursday, September 7th. Liberum Capital reiterated a buy rating and issued a GBX 450 ($6.06) price target on shares of ZPG in a research note on Thursday, September 7th. Shore Capital reiterated a buy rating on shares of ZPG in a research note on Wednesday, August 16th. Finally, Jefferies Group reiterated a buy rating and issued a GBX 542 ($7.29) price target on shares of ZPG in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 396.12 ($5.33).

ZPG (LON ZPG) opened at GBX 329.60 ($4.44) on Monday. ZPG has a fifty-two week low of GBX 304.61 ($4.10) and a fifty-two week high of GBX 401.20 ($5.40).

ZPG (LON:ZPG) last announced its quarterly earnings data on Wednesday, November 29th. The company reported GBX 15.20 ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 14.30 ($0.19) by GBX 0.90 ($0.01). The firm had revenue of £244.54 million during the quarter. ZPG had a return on equity of 17.67% and a net margin of 16.18%.

The company also recently declared a dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, December 7th will be paid a dividend of GBX 3.80 ($0.05) per share. This is an increase from ZPG’s previous dividend of $1.90. This represents a yield of 1.15%. The ex-dividend date is Thursday, December 7th.

In related news, insider Alex Chesterman sold 4,250,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of GBX 363 ($4.89), for a total transaction of £15,427,500 ($20,763,795.42).

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About ZPG

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.

Analyst Recommendations for ZPG (LON:ZPG)

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