Purplebricks Group PLC (LON:PURP)‘s stock had its “buy” rating restated by analysts at Investec in a research note issued to investors on Monday, November 6th. They currently have a GBX 465 ($6.12) price target on the stock. Investec’s price target would suggest a potential downside of 98.76% from the company’s previous close.
A number of other equities research analysts have also issued reports on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 460 ($6.05) price objective on shares of Purplebricks Group in a report on Monday, November 6th. Berenberg Bank began coverage on shares of Purplebricks Group in a report on Thursday, October 12th. They issued a “buy” rating and a GBX 470 ($6.18) target price for the company. Finally, Jefferies Group LLC reissued an “underperform” rating and issued a GBX 94 ($1.24) target price on shares of Purplebricks Group in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 408.80 ($5.38).
Purplebricks Group (PURP) traded up £371.40 ($488.49) during midday trading on Monday, reaching £375 ($493.23). 737,541 shares of the company’s stock were exchanged, compared to its average volume of 1,740,000. Purplebricks Group has a 12 month low of GBX 3.30 ($0.04) and a 12 month high of GBX 525 ($6.91).
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