Shares of Purplebricks Group PLC (LON:PURP) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 207 ($2.70) and last traded at GBX 211.80 ($2.77), with a volume of 1534233 shares. The stock had previously closed at GBX 223 ($2.91).
A number of analysts have recently issued reports on PURP shares. Citigroup boosted their target price on Purplebricks Group from GBX 410 ($5.36) to GBX 480 ($6.27) and gave the stock a “buy” rating in a report on Monday, July 23rd. Peel Hunt reiterated a “buy” rating on shares of Purplebricks Group in a report on Wednesday, June 13th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 465 ($6.08) target price on shares of Purplebricks Group in a report on Monday, July 2nd. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. Purplebricks Group presently has an average rating of “Buy” and a consensus target price of GBX 449.57 ($5.87).
Purplebricks Group Company Profile (LON:PURP)
Purplebricks Group plc engages in estate agency business in the United Kingdom and Australia. It provides services relating to the sale of properties. The company was formerly known as New Broom Limited and changed its name to Purplebricks Group plc in December 2015. Purplebricks Group plc was incorporated in 2012 and is headquartered in Solihull, the United Kingdom.
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