Purplebricks Group (PURP) PT Lowered to GBX 167 at JPMorgan Chase & Co.

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Purplebricks Group (LON:PURP) had its price objective decreased by JPMorgan Chase & Co. from GBX 188 ($2.46) to GBX 167 ($2.18) in a research report report published on Friday, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

PURP has been the subject of several other research reports. Peel Hunt reaffirmed an under review rating on shares of Purplebricks Group in a research report on Thursday, February 21st. Berenberg Bank lowered Purplebricks Group to a sell rating and cut their price objective for the stock from GBX 470 ($6.14) to GBX 80 ($1.05) in a report on Friday, April 5th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Purplebricks Group presently has an average rating of Buy and a consensus target price of GBX 297.40 ($3.89).

Shares of Purplebricks Group stock opened at GBX 142 ($1.86) on Friday. The firm has a market capitalization of $430.39 million and a PE ratio of -9.40. Purplebricks Group has a 12 month low of GBX 99.80 ($1.30) and a 12 month high of GBX 411 ($5.37).

About Purplebricks Group

Purplebricks Group plc engages in 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 convenient, transparent, and cost effective.

Further Reading: Are sell-side analysts objective?

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