Purplebricks Group (PURP) Rating Reiterated by JPMorgan Chase & Co.

Purplebricks Group (LON:PURP)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a note issued to investors on Thursday. They presently have a GBX 733 ($9.94) target price on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 59.35% from the stock’s previous close.

Several other research firms also recently commented on PURP. Berenberg Bank assumed coverage on shares of Purplebricks Group in a research note on Thursday, October 12th. They issued a “buy” rating and a GBX 470 ($6.37) price target on the stock. Citigroup reiterated a “buy” rating and set a GBX 500 ($6.78) target price on shares of Purplebricks Group in a report on Thursday, December 14th. Peel Hunt reiterated a “buy” rating and set a GBX 460 ($6.24) target price on shares of Purplebricks Group in a report on Wednesday. Finally, Investec reiterated a “buy” rating and set a GBX 465 ($6.31) target price on shares of Purplebricks Group in a report on Monday, November 6th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 453.67 ($6.15).

Purplebricks Group (PURP) traded up GBX 10.40 ($0.14) during mid-day trading on Thursday, reaching GBX 460 ($6.24). 953,531 shares of the company traded hands, compared to its average volume of 456,840. The stock has a market cap of $1,250.00 and a P/E ratio of -15,333.33. Purplebricks Group has a 52 week low of GBX 3.30 ($0.04) and a 52 week high of GBX 525 ($7.12).

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Purplebricks Group Company Profile

Purplebricks Group plc is a United Kingdom-based company engaged in the business of estate agency. The Company operates through the division of providing services relating to the sale of properties. The Company uses technology in the process of selling, buying or letting of properties. The Company operates in the United Kingdom.

Analyst Recommendations for Purplebricks Group (LON:PURP)

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