Peel Hunt Boosts Purplebricks Group (PURP) Price Target to GBX 465

Purplebricks Group (LON:PURP) had its target price boosted by Peel Hunt from GBX 460 ($6.59) to GBX 465 ($6.66) in a research note issued to investors on Thursday. The firm currently has a buy rating on the stock.

Several other research analysts have also recently commented on the stock. Jefferies Group restated an underperform rating and issued a GBX 94 ($1.35) target price on shares of Purplebricks Group in a research report on Friday, February 2nd. JPMorgan Chase restated an overweight rating and issued a GBX 733 ($10.50) target price on shares of Purplebricks Group in a research report on Thursday, January 25th. Finally, Berenberg Bank restated a buy rating and issued a GBX 470 ($6.73) target price on shares of Purplebricks Group in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 454.50 ($6.51).

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LON PURP opened at GBX 320 ($4.58) on Thursday. Purplebricks Group has a 52 week low of GBX 3.30 ($0.05) and a 52 week high of GBX 525 ($7.52).

In other news, insider Michael Bruce sold 4,444,444 shares of the stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of GBX 360 ($5.15), for a total value of £15,999,998.40 ($22,909,505.15).

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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.

Analyst Recommendations for Purplebricks Group (LON:PURP)

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