Purplebricks Group (PURP) Sets New 1-Year Low at $171.40

Purplebricks Group PLC (LON:PURP) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 171.40 ($2.24) and last traded at GBX 181.30 ($2.37), with a volume of 761950 shares changing hands. The stock had previously closed at GBX 198.50 ($2.59).

A number of research analysts have recently commented on PURP shares. Peel Hunt reiterated a “buy” rating on shares of Purplebricks Group in a research report on Tuesday. Citigroup lowered their target price on Purplebricks Group from GBX 480 ($6.27) to GBX 455 ($5.95) and set a “buy” rating for the company in a research report on Friday, September 28th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 447 ($5.84).

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About Purplebricks Group (LON:PURP)

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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