Purplebricks Group (PURP) Receives Underperform Rating from Jefferies Group

Purplebricks Group (LON:PURP)‘s stock had its “underperform” rating reaffirmed by analysts at Jefferies Group in a research note issued to investors on Friday. They presently have a GBX 94 ($1.32) target price on the stock. Jefferies Group’s price target suggests a potential downside of 79.25% from the stock’s previous close.

Several other research analysts also recently issued reports on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 733 ($10.29) price objective on shares of Purplebricks Group in a report on Thursday, January 25th. Peel Hunt reaffirmed a “buy” rating and set a GBX 460 ($6.46) price objective on shares of Purplebricks Group in a report on Wednesday, January 24th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 470 ($6.60) price objective on shares of Purplebricks Group in a report on Friday, January 12th. Citigroup reaffirmed a “buy” rating and set a GBX 500 ($7.02) price objective on shares of Purplebricks Group in a report on Thursday, December 14th. Finally, Investec reaffirmed a “buy” rating and set a GBX 465 ($6.53) price objective on shares of Purplebricks Group in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Purplebricks Group has a consensus rating of “Buy” and a consensus price target of GBX 453.67 ($6.37).

Shares of Purplebricks Group (LON:PURP) opened at GBX 453 ($6.36) on Friday. The company has a market capitalization of $1,240.00 and a P/E ratio of -15,100.00. Purplebricks Group has a 12-month low of GBX 3.30 ($0.05) and a 12-month high of GBX 525 ($7.37).

COPYRIGHT VIOLATION WARNING: “Purplebricks Group (PURP) Receives Underperform Rating from Jefferies Group” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.com-unik.info/2018/02/02/purplebricks-group-purp-receives-underperform-rating-from-jefferies-group.html.

About Purplebricks Group

Purplebricks Group plc is a United Kingdom-based company engaged in the business of estate agency. The Company operates through the division of providing services relating to the sale of properties. The Company uses technology in the process of selling, buying or letting of properties. The Company operates in the United Kingdom.

Analyst Recommendations for Purplebricks Group (LON:PURP)

Receive News & Ratings for Purplebricks Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Purplebricks Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit