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ZPG could tap £3bn revenue opportunity
Zoopla has a £3bn revenue opportunity, according to investment bank Liberum. The online property portal trades on the stock market under the name ZPG (ZPG).
Liberum has a 450p price target on the stock. It sees £650m of potential in its property services business, £850m in its comparison services arm and £1.5bn in its professional and data services division.
It reckons the company has only tapped 5% of this opportunity so far, based on 2016 revenue figures.