Purplebricks shares slide as investors worry about foundations
Shares in online estate agent Purplebricks have continued to fall as investors prepare themselves for the possibility of underwhelming sales figures.
Its share price has fallen by more than one-third since the end of February, wiping off £270m from the company's value.
Yesterday alone Purplebricks' shares dropped 8% to 290p and are close to a year-low.
A report by UBS published last week, when shares were trading above 370p, reduced its target price for the stock to 285p.
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