Peel Hunt Reaffirms “Under Review” Rating for Purplebricks Group (LON:PURP)

Peel Hunt restated their under review rating on shares of Purplebricks Group (LON:PURP) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of LYFT from $82.00 to $86.00 in a report on Wednesday, May 8th. UBS Group set a €23.50 ($27.33) target price on shares of Infineon Technologies and gave the stock a buy rating in a report on Wednesday, July 3rd. Finally, Berenberg Bank restated a hold rating and issued a GBX 95 ($1.24) price target on shares of Gem Diamonds in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 228.20 ($2.98).

Shares of LON:PURP opened at GBX 106.28 ($1.39) on Tuesday. The company has a market capitalization of $325.58 million and a PE ratio of -5.87. Purplebricks Group has a 1-year low of GBX 88.50 ($1.16) and a 1-year high of GBX 327.20 ($4.28). The business’s 50 day simple moving average is GBX 102.36.

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