Purplebricks Group PLC (PURP) Given Buy Rating at Investec

Purplebricks Group PLC (LON:PURP)‘s stock had its “buy” rating restated by stock analysts at Investec in a note issued to investors on Monday. They presently have a GBX 465 ($6.12) target price on the stock. Investec’s price objective points to a potential upside of 13.35% from the company’s previous close.

A number of other analysts have also recently commented on PURP. Peel Hunt reaffirmed a “buy” rating and issued a GBX 460 ($6.05) price target on shares of Purplebricks Group PLC in a research note on Monday. Berenberg Bank initiated coverage on Purplebricks Group PLC in a research note on Thursday, October 12th. They set a “buy” rating and a GBX 470 ($6.18) target price for the company. Finally, Jefferies Group LLC reissued an “underperform” rating and set a GBX 94 ($1.24) target price on shares of Purplebricks Group PLC in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Purplebricks Group PLC has a consensus rating of “Buy” and a consensus price target of GBX 408.80 ($5.38).

Shares of Purplebricks Group PLC (LON:PURP) traded up GBX 20.25 ($0.27) during mid-day trading on Monday, hitting GBX 410.25 ($5.40). The stock had a trading volume of 2,112,611 shares, compared to its average volume of 1,140,000. Purplebricks Group PLC has a one year low of GBX 98.75 ($1.30) and a one year high of GBX 525 ($6.91).

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