Purplebricks hits back at analyst after share price dips
Online estate agency Purplebricks has hit back at claims that it only sells just over half the properties it has on its books.
Shares in the Solihull-based group dipped more than 3% yesterday after City analyst Jefferies International claimed the group only sold 51.6% of the properties on its books.
In a statement to the markets, Purplebricks said: “Purplebricks contests the findings of the Jefferies research report. Jefferies estimated Purplebricks' completion rate is based on a single month's data and does not include proper... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
