Gocompare.Com Group (GOCO) Price Target Cut to GBX 120

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Gocompare.Com Group (LON:GOCO) had its price target decreased by Deutsche Bank from GBX 130 ($1.70) to GBX 120 ($1.57) in a report released on Friday morning. Deutsche Bank currently has a buy rating on the stock.

Several other analysts have also weighed in on GOCO. Peel Hunt reaffirmed a buy rating on shares of Gocompare.Com Group in a report on Wednesday, December 5th. Liberum Capital reaffirmed a hold rating on shares of Gocompare.Com Group in a report on Wednesday, January 2nd. Royal Bank of Canada raised their price objective on shares of 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. Finally, Berenberg Bank dropped their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of GBX 113 ($1.48).

LON GOCO opened at GBX 71.20 ($0.93) on Friday. The company has a market cap of $297.93 million and a PE ratio of 11.30. Gocompare.Com Group has a 1-year low of GBX 61.40 ($0.80) and a 1-year high of GBX 143 ($1.87).

Gocompare.Com Group (LON:GOCO) last posted its quarterly earnings data on Thursday, February 28th. The company reported GBX 7.80 ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 7.90 ($0.10) by GBX (0.10) ($0.00). Equities research analysts forecast that Gocompare.Com Group will post 703.999981226667 EPS for the current year.

The business also recently declared a dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 9th will be issued a GBX 0.80 ($0.01) dividend. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 9th. Gocompare.Com Group’s dividend payout ratio is currently 0.32%.

In related news, insider Peter Wood purchased 17,783,588 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was 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). Also, insider Adrian Webb purchased 15,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was bought at an average cost of GBX 66 ($0.86) per share, with a total value of £9,900 ($12,936.10). In the last three months, insiders purchased 17,798,997 shares of company stock valued at $1,139,169,691.

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

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