Peel Hunt Reiterates Under Review Rating for Purplebricks Group (LON:PURP)

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Purplebricks Group (LON:PURP)‘s stock had its “under review” rating reiterated by research analysts at Peel Hunt in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also weighed in on PURP. UBS Group set a €23.50 ($27.33) price objective on Infineon Technologies and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. boosted their price objective on LYFT from $82.00 to $86.00 in a research report on Wednesday, May 8th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 95 ($1.24) target price on shares of Gem Diamonds in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 228.20 ($2.98).

Purplebricks Group stock traded up GBX 0.60 ($0.01) during mid-day trading on Tuesday, reaching GBX 108.40 ($1.42). 277,986 shares of the company were exchanged, compared to its average volume of 717,246. The firm’s fifty day simple moving average is GBX 102.09. Purplebricks Group has a 12 month low of GBX 88.50 ($1.16) and a 12 month high of GBX 327.20 ($4.28). The company has a market cap of $332.09 million and a price-to-earnings ratio of -5.99.

In other news, insider Andreas Wiele bought 43,662,416 shares of the firm’s stock in a transaction that occurred 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).

About Purplebricks Group

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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