Peel Hunt Reaffirms Buy Rating for Purplebricks Group (PURP)

Purplebricks Group (LON:PURP)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a research report issued to clients and investors on Wednesday. They currently have a GBX 460 ($6.24) price objective on the stock.

A number of other equities analysts also recently weighed in on PURP. Berenberg Bank initiated coverage on Purplebricks Group in a research report on Thursday, October 12th. They set a “buy” rating and a GBX 470 ($6.37) price target on the stock. Investec reissued a “buy” rating and set a GBX 465 ($6.31) price target on shares of Purplebricks Group in a research report on Monday, November 6th. Citigroup reissued a “buy” rating and set a GBX 500 ($6.78) price target on shares of Purplebricks Group in a research report on Thursday, December 14th. Finally, JPMorgan Chase & Co. initiated coverage on Purplebricks Group in a research report on Thursday, January 18th. They set an “overweight” rating and a GBX 733 ($9.94) price target on the stock. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Purplebricks Group currently has a consensus rating of “Buy” and an average target price of GBX 453.67 ($6.15).

Shares of Purplebricks Group (PURP) traded up GBX 10.40 ($0.14) during midday trading on Wednesday, reaching GBX 460 ($6.24). The company’s stock had a trading volume of 953,531 shares, compared to its average volume of 456,840. The firm has a market capitalization of $1,250.00 and a P/E ratio of -15,333.33. Purplebricks Group has a 1 year low of GBX 3.30 ($0.04) and a 1 year high of GBX 525 ($7.12).

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About Purplebricks Group

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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