Broker Panmure Gordon has downgraded its target price on Zoopla shares, issuing the company with a ‘Sell’ rating, down from ‘Buy’.

Panmure Gordon gave Zoopla Property Group share price a target of 225p, meaning that it expects a potential downside of -19.64%.

Zoopla Property Group has 413,878,000 shares outstanding at the moment which are currently trading at around 280p bringing the company’s  market capitalisation to £1.17bn.

Zoopla’s shares start the week at 278.9p.