Gocompare.Com Group (LON:GOCO) Receives Buy Rating from Peel Hunt

Gocompare.Com Group (LON:GOCO)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research note issued on Tuesday, December 19th. They currently have a GBX 120 ($1.63) price objective on the stock. Peel Hunt’s target price points to a potential upside of 7.72% from the company’s previous close.

Several other analysts have also weighed in on GOCO. Berenberg Bank initiated coverage on Gocompare.Com Group in a research note on Wednesday, September 13th. They issued a “buy” rating and a GBX 130 ($1.76) price objective on the stock. Liberum Capital initiated coverage on Gocompare.Com Group in a research note on Wednesday, November 8th. They issued a “hold” rating and a GBX 104 ($1.41) price objective on the stock. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a GBX 145 ($1.97) price objective on shares of Gocompare.Com Group in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 120.83 ($1.64).

Gocompare.Com Group (LON GOCO) remained flat at $GBX 111.40 ($1.51) on Tuesday. The company’s stock had a trading volume of 343,780 shares, compared to its average volume of 439,681. The company has a market capitalization of $466.03 and a price-to-earnings ratio of 2,785.00. Gocompare.Com Group has a 12 month low of GBX 75.50 ($1.02) and a 12 month high of GBX 119.60 ($1.62).

In related news, insider Ashley Steel acquired 47,833 shares of the stock in a transaction dated Tuesday, December 19th. The stock was bought at an average cost of GBX 104 ($1.41) per share, for a total transaction of £49,746.32 ($67,461.78). Also, insider Peter Wood sold 21,334,672 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of GBX 100 ($1.36), for a total value of £21,334,672 ($28,932,291.84). Insiders have bought 53,274 shares of company stock worth $5,020,682 over the last three months.

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Gocompare.Com Group Company Profile

Gocompare.com Group plc is a holding company. The Company’s principal activity is providing an insurance price and product comparison Website. Its segments include Insurance and Strategic Initiatives. It operates a United Kingdom-based price and product comparison Website, Gocompare.com. Gocompare.com offers an online service that enables consumers to compare the prices and features of products.

Analyst Recommendations for Gocompare.Com Group (LON:GOCO)

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