Purplebricks Group (LON:PURP) Receives Under Review Rating from Peel Hunt

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

A number of other equities research analysts also recently issued reports on the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 95 ($1.24) price objective on shares of Gem Diamonds in a research report on Wednesday, May 8th. UBS Group set a €23.50 ($27.33) target price on Infineon Technologies and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. increased their target price on LYFT from $82.00 to $86.00 in a research note 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 currently has an average rating of “Hold” and an average target price of GBX 228.20 ($2.98).

Shares of PURP stock traded up GBX 0.60 ($0.01) on Tuesday, reaching GBX 108.40 ($1.42). The company’s stock had a trading volume of 277,986 shares, compared to its average volume of 717,246. 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 firm has a market cap of $332.09 million and a P/E ratio of -5.99. The company has a 50 day simple moving average of GBX 102.09.

In other news, insider Andreas Wiele bought 43,662,416 shares of Purplebricks Group stock in a transaction that occurred on Sunday, June 2nd. The shares were acquired at an average price 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.

Further Reading: What is meant by a buy rating?

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