Purplebricks Group (PURP) Given “Overweight” Rating at JPMorgan Chase & Co.

Purplebricks Group (LON:PURP)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. They currently have a GBX 733 ($9.94) price objective on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 63.25% from the company’s previous close.

Other analysts have also issued reports about the stock. Investec reaffirmed a “buy” rating and set a GBX 465 ($6.31) price target on shares of Purplebricks Group in a research report on Monday, November 6th. Peel Hunt reissued a “buy” rating and issued a GBX 460 ($6.24) price objective on shares of Purplebricks Group in a research report on Wednesday. Berenberg Bank reissued a “buy” rating and issued a GBX 470 ($6.37) price objective on shares of Purplebricks Group in a research report on Friday, January 12th. Finally, Citigroup reissued a “buy” rating and issued a GBX 500 ($6.78) price objective on shares of Purplebricks Group in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Purplebricks Group currently has a consensus rating of “Buy” and an average target price of GBX 453.67 ($6.15).

Shares of Purplebricks Group (PURP) opened at GBX 449 ($6.09) on Thursday. Purplebricks Group has a 1 year low of GBX 3.30 ($0.04) and a 1 year high of GBX 525 ($7.12). The stock has a market cap of $1,230.00 and a price-to-earnings ratio of -14,966.67.

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About Purplebricks Group

Purplebricks Group plc is a United Kingdom-based company engaged in the business of estate agency. The Company operates through the division of providing services relating to the sale of properties. The Company uses technology in the process of selling, buying or letting of properties. The Company operates in the United Kingdom.

Analyst Recommendations for Purplebricks Group (LON:PURP)

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