Purplebricks Group (LON:PURP) Lifted to “Neutral” at UBS Group

UBS Group upgraded shares of Purplebricks Group (LON:PURP) to a neutral rating in a report released on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 110 ($1.44) target price on the stock, up from their prior target price of GBX 100 ($1.31).

PURP has been the subject of a number of other reports. Berenberg Bank reaffirmed a hold rating and issued a GBX 95 ($1.24) target price on shares of Gem Diamonds in a research note on Wednesday, May 8th. Peel Hunt reaffirmed a hold rating and issued a GBX 935 ($12.22) target price (up from GBX 920 ($12.02)) on shares of Antofagasta in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. raised their target price on LYFT from $82.00 to $86.00 in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 230.20 ($3.01).

LON PURP opened at GBX 110.20 ($1.44) on Wednesday. The company has a fifty day moving average price of GBX 103.81. Purplebricks Group has a one year low of GBX 88.50 ($1.16) and a one year high of GBX 311.60 ($4.07). The firm has a market cap of $337.60 million and a P/E ratio of -6.09.

In related news, insider Andreas Wiele bought 43,662,416 shares of the business’s stock in a transaction on Sunday, June 2nd. The stock was acquired 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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