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

Peel Hunt restated their buy rating on shares of Gocompare.Com Group (LON:GOCO) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

Several other brokerages have also issued reports on GOCO. Jefferies Financial Group started coverage on shares of Gocompare.Com Group in a report on Monday, May 18th. They issued a hold rating and a GBX 85 ($1.05) price target on the stock. Deutsche Bank reissued a buy rating on shares of Gocompare.Com Group in a report on Thursday, June 4th. Berenberg Bank boosted their price target on shares of Gocompare.Com Group from GBX 110 ($1.35) to GBX 135 ($1.66) and gave the company a buy rating in a report on Monday, June 8th. Finally, Liberum Capital reissued a buy rating on shares of Gocompare.Com Group in a report on Wednesday, July 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 116 ($1.43).

Shares of GOCO stock opened at GBX 102 ($1.26) on Thursday. Gocompare.Com Group has a 1 year low of GBX 0.92 ($0.01) and a 1 year high of GBX 107.60 ($1.32). The firm’s fifty day simple moving average is GBX 95.60 and its 200 day simple moving average is GBX 84.69. The firm has a market capitalization of $429.95 million and a P/E ratio of 34.00.

The company also recently announced a dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, September 10th will be issued a GBX 0.40 ($0.00) dividend. This represents a dividend yield of 0.42%. The ex-dividend date is Thursday, September 10th. Gocompare.Com Group’s payout ratio is 33.33%.

In other news, insider Matthew Crummack sold 17,370 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of GBX 80 ($0.98), for a total value of £13,896 ($17,100.66).

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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