Purplebricks Group PLC (PURP) Receives New Coverage from Analysts at Berenberg Bank
Investment analysts at Berenberg Bank began coverage on shares of Purplebricks Group PLC (LON:PURP) in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a GBX 470 ($6.18) price target on the stock. Berenberg Bank’s target price points to a potential upside of 28.50% from the stock’s current price.
Several other research analysts have also recently issued reports on PURP. Peel Hunt reissued a “buy” rating and set a GBX 460 ($6.05) price target on shares of Purplebricks Group PLC in a report on Wednesday, September 27th. Investec reissued a “buy” rating and set a GBX 465 ($6.11) price target on shares of Purplebricks Group PLC in a report on Friday, September 15th. Citigroup Inc. reissued a “buy” rating and set a GBX 555 ($7.30) price target on shares of Purplebricks Group PLC in a report on Monday, July 3rd. Finally, Jefferies Group LLC reissued an “underperform” rating and set a GBX 94 ($1.24) price target on shares of Purplebricks Group PLC in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 408.80 ($5.37).
Shares of Purplebricks Group PLC (PURP) traded down 0.48% during midday trading on Thursday, reaching GBX 365.75. The company’s stock had a trading volume of 1,070,537 shares. The stock’s market capitalization is GBX 994.28 million. Purplebricks Group PLC has a 52 week low of GBX 98.75 and a 52 week high of GBX 525.00. The company has a 50 day moving average of GBX 396.15 and a 200-day moving average of GBX 393.98.
Purplebricks Group PLC Company Profile
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