Why Investec Has Just Restated Their Hold Rating For Zoopla Property Group Plc (LON:ZPLA) Shares


Zoopla Property Group Plc (LON:ZPLA) Rating Reaffirmed

Investec has decided to reaffirm their Hold rating on Zoopla Property Group Plc (LON:ZPLA) in a comprehensive report issued to clients and investors on 2 December.

From a total of 16 analysts covering Zoopla Property Group Plc (LON:ZPLA) stock, 8 rate it a ”Buy”, 3 a “Sell”, and 5 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 400 while the lowest target price is GBX 190. The mean of all analyst targets is GBX 271.56 with a 15.00% above today’s (GBX 243.23) stock price. Zoopla Property Group Plc was the topic of 40 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 30 with “Hold” rating. Canaccord Genuity maintained shares with “Hold” rating and GBX 244 target share price in a report from an October 28. BNP Paribas upgraded ZPLA stock in a recent report from November 27 to “Neutral” 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.

Approximately 160,737 shares of stock traded hands. Zoopla Property Group PLC (LON:ZPLA) has risen 11.07% since May 5, 2015 and is uptrending. It has outperformed by 11.27% the S&P500.

Why Investec Has Just Restated Their Hold Rating For Zoopla Property Group Plc (LON:ZPLA) Shares

Zoopla Property Group Plc is a United Kingdom firm that is engaged in digital media business. The company has a market cap of 1.02 billion GBP. The Firm owns and operates online property brands, including Zoopla, PrimeLocation, SmartNewHomes and HomesOverseas. It has 44.62 P/E ratio. The Firm provides online resources to property consumers.