Purplebricks Group (LON:PURP) Lowered to “Neutral” at JPMorgan Chase & Co.

Purplebricks Group (LON:PURP) was downgraded by stock analysts at JPMorgan Chase & Co. to a “neutral” rating in a research note issued to investors on Thursday, September 5th, Digital Look reports. They presently have a GBX 145 ($1.89) target price on the stock, down from their prior target price of GBX 186 ($2.43). JPMorgan Chase & Co.‘s price objective suggests a potential upside of 18.85% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Peel Hunt reiterated an “under review” rating on shares of Purplebricks Group in a research note on Tuesday, August 20th. UBS Group raised shares of Purplebricks Group to a “neutral” rating and raised their price objective for the stock from GBX 100 ($1.31) to GBX 110 ($1.44) in a research note on Wednesday, July 17th. Finally, Berenberg Bank reiterated a “sell” rating and issued a GBX 80 ($1.05) price target on shares of Purplebricks Group in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Purplebricks Group presently has an average rating of “Hold” and an average price target of GBX 222 ($2.90).

LON PURP opened at GBX 120.80 ($1.58) on Thursday. Purplebricks Group has a 1 year low of GBX 88.50 ($1.16) and a 1 year high of GBX 279.80 ($3.66). The company has a market capitalization of $370.62 million and a PE ratio of -6.67. The company has a fifty day moving average of GBX 120.33 and a two-hundred day moving average of GBX 119.82.

Purplebricks Group Company Profile

Purplebricks Group plc engages in real estate agency business in the United Kingdom, Australia, the United States, and Canada. It provides services relating to the sale and letting of properties. The company combines local property experts and technology to help make the process of selling, buying, or letting more convenient, transparent, and cost effective.

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