Brokerages Set Purplebricks Group PLC (PURP) PT at $447.00

Purplebricks Group PLC (LON:PURP) has been given an average rating of “Buy” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 447 ($5.84).

A number of analysts have recently weighed in on PURP shares. Citigroup cut their price objective on Purplebricks Group from GBX 480 ($6.27) to GBX 455 ($5.95) and set a “buy” rating on the stock in a research report on Friday, September 28th. Peel Hunt reiterated a “buy” rating on shares of Purplebricks Group in a research note on Wednesday, October 3rd. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 465 ($6.08) target price on shares of Purplebricks Group in a research note on Monday, July 2nd.

Shares of LON PURP opened at GBX 216.60 ($2.83) on Friday. Purplebricks Group has a 52-week low of GBX 3.30 ($0.04) and a 52-week high of GBX 525 ($6.86).

Purplebricks Group Company Profile

Purplebricks Group plc engages in estate agency business in the United Kingdom and Australia. It provides services relating to the sale of properties. The company was formerly known as New Broom Limited and changed its name to Purplebricks Group plc in December 2015. Purplebricks Group plc was incorporated in 2012 and is headquartered in Solihull, the United Kingdom.

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Analyst Recommendations for Purplebricks Group (LON:PURP)

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