Peel Hunt Reiterates “Buy” Rating for Gocompare.Com Group (GOCO)

Gocompare.Com Group (LON:GOCO)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a report released on Wednesday.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada raised their price objective on Gocompare.Com Group from GBX 125 ($1.63) to GBX 135 ($1.76) and gave the stock an “outperform” rating in a report on Friday, February 22nd. Deutsche Bank dropped their price objective on Gocompare.Com Group from GBX 150 ($1.96) to GBX 130 ($1.70) and set a “buy” rating on the stock in a report on Tuesday, December 4th. Berenberg Bank dropped their price objective on Gocompare.Com Group from GBX 150 ($1.96) to GBX 120 ($1.57) and set a “buy” rating on the stock in a report on Tuesday, March 5th. Finally, Liberum Capital reaffirmed a “hold” rating and set a GBX 75 ($0.98) price objective on shares of Gocompare.Com Group in a report on Thursday, February 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 114.67 ($1.50).

LON:GOCO opened at GBX 72.10 ($0.94) on Wednesday. The firm has a market capitalization of $297.09 million and a P/E ratio of 11.44. Gocompare.Com Group has a 12 month low of GBX 61.40 ($0.80) and a 12 month high of GBX 143 ($1.87).

Gocompare.Com Group (LON:GOCO) last posted its earnings results on Thursday, February 28th. The company reported GBX 7.80 ($0.10) EPS for the quarter, missing the consensus estimate of GBX 7.90 ($0.10) by GBX (0.10) ($0.00). As a group, equities analysts expect that Gocompare.Com Group will post 704.000019037747 EPS for the current fiscal year.

In other Gocompare.Com Group news, insider Adrian Webb bought 15,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was acquired at an average price of GBX 66 ($0.86) per share, for a total transaction of £9,900 ($12,936.10). Also, insider Peter Wood bought 17,783,588 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of GBX 64 ($0.84) per share, with a total value of £11,381,496.32 ($14,871,940.83). In the last ninety days, insiders have acquired 17,798,997 shares of company stock worth $1,139,169,691.

About Gocompare.Com Group

GoCompare.com Group plc operates an Internet-based price comparison Website for financial and non-financial products in the United Kingdom. The company's Gocompare.com Website enables people to compare the costs and features of various insurance policies, financial products, and energy tariffs. It provides comparison services for car, motorbike, van, taxi, motorhome, breakdown, home, landlord, student, travel, and pet insurance products, as well as strategic initiatives in the areas of money, energy, home services, life and protection insurance, and other products.

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

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