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

Purplebricks Group (LON:PURP)‘s stock had its “under review” rating reaffirmed by equities researchers at Peel Hunt in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also recently commented on PURP. Berenberg Bank reiterated a “sell” rating and issued a GBX 80 ($1.05) price objective on shares of Purplebricks Group in a report on Wednesday, May 8th. UBS Group upgraded Purplebricks Group to a “neutral” rating and upped their price objective for the company from GBX 100 ($1.31) to GBX 110 ($1.44) in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. upped their price objective on Purplebricks Group from GBX 167 ($2.18) to GBX 186 ($2.43) and gave the company an “overweight” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 230.20 ($3.01).

PURP opened at GBX 128.80 ($1.68) on Tuesday. Purplebricks Group has a one year low of GBX 88.50 ($1.16) and a one year high of GBX 300 ($3.92). The stock has a market capitalization of $395.17 million and a PE ratio of -7.12. The business’s 50 day moving average price is GBX 112.92 and its 200 day moving average price is GBX 123.40.

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

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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