Rating Change: Purplebricks Group PLC (LON:PURP) Investors: Jefferies International Reconfirms “Underperform” Rating, Sees GBX 94.00/Share

November 24, 2016 - By Ruchi Gupta

Purplebricks Group PLC (LON:PURP) Rating

Purplebricks Group PLC (LON:PURP) had its stock rating noted as “Underperform” by analysts at Jefferies International. Jefferies International currently has a GBX 94.00 price target on the 279.96M GBP market cap company or -16.54% downside potential. This was shown in a note on 24 November.

Purplebricks Group PLC (LON:PURP) Ratings Coverage

Out of 4 analysts covering Purplebricks Group PLC (LON:PURP), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. GBX 300 is the highest target while GBX 94 is the lowest. The GBX 203.50 average target is 79.39% above today’s (GBX 113.44) stock price. Purplebricks Group PLC has been the topic of 8 analyst reports since May 31, 2016 according to StockzIntelligence Inc. Cantor Fitzgerald maintained Purplebricks Group PLC (LON:PURP) on Thursday, June 16 with “Buy” rating. Peel Hunt maintained Purplebricks Group PLC (LON:PURP) on Thursday, September 15 with “Buy” rating. The rating was maintained by Cantor Fitzgerald on Thursday, September 15 with “Buy”. As per Thursday, November 24, the company rating was maintained by Jefferies. On Thursday, July 21 the stock rating was maintained by Jefferies with “Underperform”.

About 21,269 shares traded hands. Purplebricks Group PLC (LON:PURP) has declined 31.77% since April 25, 2016 and is downtrending. It has underperformed by 37.18% the S&P500.

Purplebricks Group plc is a United Kingdom firm engaged in the business of estate agency. The company has a market cap of 279.96 million GBP. The Firm operates through the division of providing services relating to the sale of properties. It currently has negative earnings. The Firm uses technology in the process of selling, buying or letting of properties.

More notable recent Purplebricks Group PLC (LON:PURP) news were published by: Fool.Co.Uk which released: “Should You Buy Woodford-Backed Purplebricks Group plc ORD 1p?” on December 18, 2015, also Fool.Co.Uk with their article: “3 post-Brexit bargains? Tesco plc (-6%), Purplebricks Group plc (-8%) and …” published on June 28, 2016, Fool.Co.Uk published: “1 Thing You Need To Know Before Buying Purplebricks Group plc, Zoopla Property …” on May 11, 2016. More interesting news about Purplebricks Group PLC (LON:PURP) were released by: Fool.Co.Uk and their article: “Are Rightmove Plc And Purplebricks Group Plc Set To Devastate The £4bn Estate …” published on April 04, 2016 as well as Fool.Co.Uk‘s news article titled: “Are Purplebricks Group plc, Foxtons Group plc or Savills plc the best way to …” with publication date: May 17, 2016.

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