Purplebricks Group (PURP) Hits New 52-Week Low at $257.00
Purplebricks Group PLC (LON:PURP)’s share price hit a new 52-week low on Monday . The company traded as low as GBX 257 ($3.35) and last traded at GBX 264 ($3.44), with a volume of 178718 shares changing hands. The stock had previously closed at GBX 268 ($3.49).
A number of equities analysts have weighed in on PURP shares. Citigroup raised their target price on shares of Purplebricks Group from GBX 410 ($5.34) to GBX 480 ($6.25) and gave the company a “buy” rating in a research note on Monday, July 23rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 465 ($6.06) target price on shares of Purplebricks Group in a research note on Monday, July 2nd. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 465 ($6.06) target price on shares of Purplebricks Group in a research note on Monday, July 2nd. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 453.14 ($5.90).
In other news, insider Andreas Wiele purchased 3,000,000 shares of Purplebricks Group stock in a transaction that occurred on Friday, July 6th. The stock was bought at an average price of GBX 307 ($4.00) per share, with a total value of £9,210,000 ($11,996,873.78).
Purplebricks Group plc engages in estate agency business in the United Kingdom and Australia. It provides services relating to the sale of properties. The company was formerly known as New Broom Limited and changed its name to Purplebricks Group plc in December 2015. Purplebricks Group plc was incorporated in 2012 and is headquartered in Solihull, the United Kingdom.
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