Peel Hunt Reiterates Under Review Rating for Purplebricks Group (LON:PURP)

Peel Hunt reissued their under review rating on shares of Purplebricks Group (LON:PURP) in a report published on Tuesday, May 7th, ThisIsMoney.Co.Uk reports.

Several other research analysts have also issued reports on the company. UBS Group reissued a sell rating and issued a GBX 100 ($1.31) target price (down previously from GBX 285 ($3.72)) on shares of Purplebricks Group in a research report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price objective on Purplebricks Group from GBX 188 ($2.46) to GBX 167 ($2.18) and set an overweight rating for the company in a research report on Friday, April 12th. Finally, Berenberg Bank downgraded Purplebricks Group to a sell rating and cut their target price for the company from GBX 470 ($6.14) to GBX 80 ($1.05) in a research note on Friday, April 5th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 267.67 ($3.50).

PURP traded up GBX 2.20 ($0.03) during midday trading on Tuesday, reaching GBX 104 ($1.36). 255,199 shares of the company’s stock traded hands, compared to its average volume of 717,246. Purplebricks Group has a 52 week low of GBX 88.50 ($1.16) and a 52 week high of GBX 385 ($5.03). The firm has a market capitalization of $301.88 million and a price-to-earnings ratio of -6.89.

About Purplebricks Group

Purplebricks Group plc engages in real estate agency business in the United Kingdom, Australia, the United States, and Canada. It provides services relating to the sale and letting of properties. The company combines local property experts and technology to help make the process of selling, buying, or letting more convenient, transparent, and cost effective.

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Analyst Recommendations for Purplebricks Group (LON:PURP)

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