Should Investors Be Buying Zoopla Property Group Plc (LON:ZPLA) Shares? Exane BNP Paribas Has Just Upgraded The Stock

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Zoopla Property Group Plc (LON:ZPLA) Stock Upgrade

The equities rating of Zoopla Property Group Plc (LON:ZPLA) shares was increased by research analysts at Exane BNP Paribas to a respectable Neutral rating in a recent report shared with investors and clients on Friday morning. The firm Exane BNP Paribas has a GBX 220.00 target PPS on the stock. Exane BNP Paribas’s target PPS would suggest a possible downside of -1.23%.

From a total of 16 analysts covering Zoopla Property Group Plc (LON:ZPLA) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is GBX 400 while the lowest target price is GBX 195. The mean of all analyst targets is GBX 279.71 with a 23.49% above today’s (GBX 226.5) stock price. Zoopla Property Group Plc was the topic of 39 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Investec upgraded shares on November 27 to “Hold” rating. Canaccord Genuity maintained shares with “Hold” rating and GBX 244 target share price in a report from an October 28. Deutsche Bank maintained ZPLA stock in a recent report from November 27 with “Hold” rating. Barclays Capital maintained the rating on October 28. Barclays Capital has a “Overweight” rating and a GBX 270 price target on shares. Finally, Credit Suisse maintained the stock with “Outperform” rating in a report issued on a November 24.

The stock increased 3.10% or GBX 6.8 on November 27, striking GBX 226.5. Approximately 171,856 shares of stock traded hands. Zoopla Property Group PLC (LON:ZPLA) has risen 7.40% since May 1, 2015 and is uptrending. It has outperformed by 8.29% the S&P500.

 Should Investors Be Buying Zoopla Property Group Plc (LON:ZPLA) Shares? Exane BNP Paribas Has Just Upgraded The Stock

Zoopla Property Group Plc is a United Kingdom firm that is engaged in digital media business. The company has a market cap of 947.03 million GBP. The Firm owns and operates online property brands, including Zoopla, PrimeLocation, SmartNewHomes and HomesOverseas. It has 41.55 P/E ratio. The Firm provides online resources to property consumers.

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