Gocompare.Com Group (GOCO) Upgraded to Buy at Liberum Capital

Gocompare.Com Group (LON:GOCO) was upgraded by investment analysts at Liberum Capital to a “buy” rating in a note issued to investors on Thursday, April 11th, ThisIsMoney.Co.Uk reports. The brokerage presently has a GBX 100 ($1.31) target price on the stock, up from their prior target price of GBX 75 ($0.98). Liberum Capital’s price objective indicates a potential upside of 16.28% from the stock’s previous close.

Several other analysts also recently weighed in on GOCO. Royal Bank of Canada boosted their target price 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 research report on Friday, February 22nd. Deutsche Bank dropped their target price on shares of Gocompare.Com Group from GBX 130 ($1.70) to GBX 120 ($1.57) and set a “buy” rating on the stock in a research report on Friday, March 22nd. Peel Hunt reissued a “buy” rating on shares of Gocompare.Com Group in a research report on Wednesday, February 13th. Finally, Berenberg Bank dropped their target price on shares of Gocompare.Com Group from GBX 150 ($1.96) to GBX 120 ($1.57) and set a “buy” rating on the stock in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 113.83 ($1.49).

Shares of Gocompare.Com Group stock traded down GBX 0.10 ($0.00) on Thursday, reaching GBX 86 ($1.12). The stock had a trading volume of 330,319 shares, compared to its average volume of 522,491. Gocompare.Com Group has a 1 year low of GBX 61.40 ($0.80) and a 1 year high of GBX 143 ($1.87). The company has a market cap of $359.86 million and a P/E ratio of 13.65.

Gocompare.Com Group (LON:GOCO) last issued its quarterly earnings data 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, equities research analysts expect that Gocompare.Com Group will post 704 earnings per share for the current fiscal year.

In other Gocompare.Com Group news, insider Peter Wood acquired 17,783,588 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of GBX 64 ($0.84) per share, for a total transaction of £11,381,496.32 ($14,871,940.83). Also, 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). In the last three months, insiders have acquired 17,798,988 shares of company stock worth $1,139,169,797.

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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