Published On: Wed, Oct 19th, 2016

Berenberg Indicates Potential 21.32% Increase In Shares Of Zoopla Property Group Plc

On Wednesday Berenberg reiterated its broker consensus on shares of Zoopla Property Group Plc (LON:ZPLA) giving the company a ‘Buy’ rating.

Berenberg gave shares of Zoopla Property Group Plc a price target of 400 indicating a potential increase of 21.32% from Zoopla Property Group Plc’s current price of 329.7.


In the prior 12 months Zoopla Property Group Plc’s stock price has increased by 48.96% from 221.34 to 329.7.

Zoopla Property Group Plc has 413,878,000 shares in issue which have a share price of 329.7 giving Zoopla Property Group Plc a market capitalisation of 1.36B GBp .

The 52 week high of Zoopla Property Group Plc’s shares is 349 whilst the 52 week low for the company’s shares is 189.62. The 50 day moving average of LON:ZPLA is 324.77 and the 200 day moving average is 299.27.

Zoopla Property Group Plc is a provider of digital media and lead generation platform that owns and operates digital consumer brands, including Zoopla, uSwitch and PrimeLocation. The Company 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. The Comparison Services division includes Energy, which represents gas and electricity switching services; Communications, which represents mobile, broadband, pay television (TV) and home phone switching services, and Other Comparison Services, which represents financial services switching, boiler cover, business energy and data insight services.