Gocompare.Com Group PLC (GOCO) Given Consensus Rating of “Buy” by Brokerages
Gocompare.Com Group PLC (LON:GOCO) has received a consensus recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 113.25 ($1.48).
A number of equities analysts have recently commented on GOCO shares. Peel Hunt reaffirmed a “buy” rating on shares of Gocompare.Com Group in a report on Wednesday, March 20th. Deutsche Bank cut their price target on shares of Gocompare.Com Group from GBX 130 ($1.70) to GBX 120 ($1.57) and set a “buy” rating for the company in a report on Friday, March 22nd. Royal Bank of Canada lifted their price target on shares of Gocompare.Com Group from GBX 125 ($1.63) to GBX 135 ($1.76) and gave the company an “outperform” rating in a report on Friday, February 22nd. Berenberg Bank cut their price target on shares of Gocompare.Com Group from GBX 150 ($1.96) to GBX 120 ($1.57) and set a “buy” rating for the company in a report on Tuesday, March 5th. Finally, Liberum Capital reissued a “hold” rating on shares of Gocompare.Com Group in a report on Wednesday, April 3rd.
In other news, insider Matthew Crummack sold 11,302 shares of Gocompare.Com Group stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of GBX 78 ($1.02), for a total transaction of £8,815.56 ($11,519.09). Also, insider Peter Wood purchased 17,783,588 shares of the 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). Insiders acquired a total of 17,798,988 shares of company stock valued at $1,139,169,797 in the last 90 days.
Gocompare.Com Group (LON:GOCO) last released its earnings results on Thursday, February 28th. The company reported GBX 7.80 ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 7.90 ($0.10) by GBX (0.10) ($0.00). As a group, sell-side analysts predict that Gocompare.Com Group will post 704.00001766902 EPS for the current year.
The company also recently declared a dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 9th will be issued a dividend of GBX 0.80 ($0.01) per share. This represents a yield of 1.22%. The ex-dividend date is Thursday, May 9th. Gocompare.Com Group’s dividend payout ratio is currently 0.32%.
Gocompare.Com Group Company Profile
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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