Zoopla Property Group changes name to ZPG
3rd Feb 2017 07:27
(ShareCast News) - Property website Zoopla Property Group has changed its name to ZPG to reflect the "evolution and diversity of the business". The FTSe 250 company announced on Friday that the name change was to reflect the changes in the business and its "evolution and diversity" as it owns man
Read moreThursday broker round-up
2nd Feb 2017 09:07
(ShareCast News) - Hostelworld Group: Berenberg upgrades to Hold from Sell with a target price of 210p. Bellway: Citi reiterates Neutral with a target price of 2540p. Ferrexpo: Deutsche Bank reiterates Buy with a target price of 230p. Zoopla Property Group: Deutsche Bank reiterates Hold with a tar
Read moreMacquarie downgrades Zoopla as it predicts slump in revenue
2nd Feb 2017 09:06
(ShareCast News) - Macquarie has downgraded Zoopla Property Group to 'neutral' from 'outperform' and raised its price target to 375p from 360p. "We lower our recommendation to 'neutral' from 'outperform' based on the increase in share price to our target price, the absence of a more bullish Comparis
Read moreZoopla announces Technicweb acquisition as FY profit and revenue rise
30th Nov 2016 07:38
(ShareCast News) - Zoopla reported a rise in full-year profit and revenue and announced the acquisition of estate agency website design and hosting business Technicweb. In the year to the end of September, pre-tax profit rose 38% to £46.2m on revenue of £197.7m, up 84% on the year. Adjusted earning
Read moreWednesday broker round-up
19th Oct 2016 12:06
(ShareCast News) - B&M European value retail: Goldman Sachs keeps at buy with a target price of 274p. Zoopla: Berenberg reiterates buy, 400p target. Bellway: Jefferies keeps at buy with a 2857p target. IAG: Credit Suisse upgrades to outperform with a 469p target. British American Tobacco: JP Morg
Read moreCountrywide shares drop on Zoopla stake sale
22nd Sep 2016 14:14
(ShareCast News) - Shares in Countrywide fell on Thursday after the FTSE 250 estate agency group said it has sold its remaining stake in property website Zoopla. It sold just over 9.2m shares at an average price of £3.17 between 9 August and 21 September, giving gross proceeds of £29.2m. Countrywid
Read moreDirector dealings: Zoopla founder pockets £14m from share sale
20th Sep 2016 15:39
(ShareCast News) - Zoopla chief executive Alex Chesterman has sold a third of his shares in the property group to pocket a tasty £13.8m. The FTSE 250 company reported on Tuesday afternoon that Chesterman, who founded the company in 2007, had offloaded 4.25m stock at a price of 325p the day before.
Read moreZoopla earnings to hit 'top end' of forecasts
8th Sep 2016 07:30
(ShareCast News) - Zoopla Property Group said full year operating profits will be at the top end of current market expectations thanks to solid property trading and outperformance from its price comparison website in the third quarter. The core property services division had traded in line with expe
Read moreBroker tips: Lloyds, RBS, Randgold, Zoopla
5th Sep 2016 10:34
(ShareCast News) - Lloyds and Royal Bank of Scotland were under the cosh on Monday as Deutsche Bank downgraded the stocks to adjust for a "lower-for-longer" environment. DB pointed out that UK bank shares have been particularly volatile since the UK voted to leave the European Union, with RBS, Barcl
Read moreZoopla rallies on Barclays upgrade
5th Sep 2016 08:02
(ShareCast News) - Zoopla got a boost on Monday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target to 335p from 250p ahead of the investor day on 15 September. Near term, the bank said current trading for uSwitch was likely strong, leading to potential cons
Read moreBroker tips: Rightmove, Anglo American, AB Foods
7th Jul 2016 15:19
(ShareCast News) - Morgan Stanley cut its forecasts and price share targets by varying degrees for internet players Rightmove, Auto Trader and Zoopla, but saw a higher price for Just Eat. UK internet stocks are still benefitting from structural growth, the bank said in a note to clients, also offeri
Read moreMorgan Stanley cuts forecasts for Rightmove, Auto Trader and Zoopla
7th Jul 2016 14:17
(ShareCast News) - Morgan Stanley cut its forecasts and price share targets by varying degrees for internet players Rightmove, Auto Trader and Zoopla, but saw a higher price for Just Eat. UK internet stocks are still benefitting from structural growth, the bank said in a note to clients, also offeri
Read moreFTSE 250 movers: Broader rebound outweighs ongoing housing rout
30th Jun 2016 15:29
(ShareCast News) - The FTSE 250 continued to rally on Thursday alongside its blue chip sibling as a broad-based rebound across sectors outweighed continued softness for housing-related stocks after the Brexit vote. Half an hour before the close, the FTSE 250 was up 0.65% to 16,106.31. Some of t
Read moreCMA to probe price comparison sites after Ofgem snafu
15th Jun 2016 08:12
(ShareCast News) - An investigation into energy price comparison websites will be shifted to the Competition & Markets Authority (CMA) from sector regulator Ofgem. It was confirmed on Wednesday that Moneysupermarket is not involved in the investigation, while Zoopla's uSwitch said it was working wit
Read moreTuesday broker round-up
31st May 2016 11:56
(ShareCast News) - B&M European Value: Retail HSBC reiterates buy with a 410p target. Zoopla: Jefferies stays at buy with a 430p target. Royal Dutch Shell "a": UBS reiterates buy with a target price of 1950p and HSBC stays at buy with a 2000p target. Ultra Electronic Holdings: JP Morgan reiterates
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