Purplebricks Group (LON:PURP) Rating Reiterated by Peel Hunt

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

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price target on Purplebricks Group from GBX 167 ($2.18) to GBX 186 ($2.43) and gave the company an overweight rating in a research note on Wednesday, May 8th. UBS Group raised Purplebricks Group to a neutral rating and lifted their price objective for the stock from GBX 100 ($1.31) to GBX 110 ($1.44) in a report on Wednesday, July 17th. Finally, Berenberg Bank reaffirmed a sell rating and set a GBX 80 ($1.05) price objective on shares of Purplebricks Group in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 230.20 ($3.01).

Purplebricks Group stock opened at GBX 128.40 ($1.68) on Tuesday. Purplebricks Group has a 1-year low of GBX 88.50 ($1.16) and a 1-year high of GBX 300 ($3.92). The company has a market cap of $393.94 million and a PE ratio of -7.09. The stock’s 50 day moving average price is GBX 114.03 and its 200 day moving average price is GBX 122.85.

In other news, insider Andreas Wiele acquired 43,662,416 shares of Purplebricks Group stock in a transaction that occurred on Sunday, June 2nd. The stock was purchased at an average cost of GBX 100 ($1.31) per share, with a total value of £43,662,416 ($57,052,679.99).

Purplebricks Group Company Profile

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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