Shares in Zoopla bounced up after banking organisation Jefferies International reiterated its “buy” rating and massively hiked its target price for the shares.
Jefferies raised its target from 269p to 400p.
Zoopla’s £190m purchase of uSwitch last week received clearance from the Financial Conduct Authority.
On Friday, Zoopla shares closed at 260p, up 0.81% on the day.
The price compares with a low of 150p back in January, and getting towards its high of 275p last July, shortly after Zoopla listed on the stock market.
Fair play to them. I took them up on the share offer last year and we’re close to the anniversary so I will do again.
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I wonder when the estate agency world will wake up to what Zoopla is doing to them. Yesterday I got another on many emails from Zoopla offering mortgages, life insurance and removals, all services most agents provide already or have reciprocal interests with their local connections. Yet Zoopla is over riding all their(the estate agents) “paying customers” and flogging those services through connections from which, no doubt, they will be generating income. Seems odd that an estate agent would fund another organisation to take their business from them, but there we go. We live in strange times.
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And that is precisely why OTM came about. (damn, I mentioned that three letter word).
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I agree with you Typhoon,
But do you really push those services? I find a lot of people complain about the cross selling but do very little of it themselves.
We offer solicitors, mortgages and surveys and have a good take up – So does upset me.
However one agent in my patch said it was one of the main reasons he joined OTM but i know for a fact he has never really focused on cross selling.
How much do i really loose to zoopla advertising? hardly anything if anything! – I just find it irritating.
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Hello Typhon are you able to contact me via Ros? I would like to share some observations with you. I am not an agent and therefore not affected by data phishing. I can see from your post you have twigged something isn’t quite as it should be and would like to share with you some things you might like to be aware of.
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It’s very strange how Investment Bank Jefferies, who as we all know, set up the 2014 IPO for ZPLA shouts up the price, when barely a second price monitoring extension was activated, last Friday … ;reminds me of , a Phil Collins 80’***** in the air …
Impartiality is sadly on the decline , lets not forget ex employee MR T Hayes from Citigroup.
http://shares.telegraph.co.uk/news/article.php?id=5046917&epic=ZPLA
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