Purplebricks Group PLC (PURP) Receives Buy Rating from Investec
Purplebricks Group PLC (LON:PURP)‘s stock had its “buy” rating reissued by equities research analysts at Investec in a research note issued to investors on Friday. They presently have a GBX 465 ($6.01) price objective on the stock. Investec’s target price would suggest a potential upside of 19.31% from the company’s previous close.
PURP has been the topic of a number of other reports. Jefferies Group LLC reiterated an “underperform” rating and set a GBX 94 ($1.21) target price on shares of Purplebricks Group PLC in a report on Monday, June 26th. Peel Hunt raised their price objective on shares of Purplebricks Group PLC from GBX 435 ($5.62) to GBX 460 ($5.94) and gave the stock a “buy” rating in a research report on Thursday, June 29th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 555 ($7.17) price objective on shares of Purplebricks Group PLC in a research note on Monday, July 3rd.
Shares of Purplebricks Group PLC (PURP) remained flat at GBX 389.75 during mid-day trading on Friday. The stock had a trading volume of 711,986 shares. The firm’s market capitalization is GBX 1.05 billion. The company has a 50-day moving average of GBX 446.23 and a 200-day moving average of GBX 383.33. Purplebricks Group PLC has a 12 month low of GBX 98.75 and a 12 month high of GBX 525.00.
About Purplebricks Group PLC
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