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Thanks a billion! Purplebricks’ valuation reaches an all-time high as enthusiastic investors pile in

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Purplebricks’ share price shot up at one stage on Friday to reach a new all-time high of 378p, which meant its market capitalisation at one time topped £1bn.

But the share price then retreated and finished the day almost unchanged at 350p – valuing the firm at £947m.

Meanwhile, an analyst has suggested that Purplebricks’ shares could be undervalued, using several methods of scoring that investors typically use:

https://buckeyebusinessreview.com/2017/05/12/purplebricks-group-plc-aimpurp-are-shares-undervalued/

Countrywide shares fell slightly to 183p on Friday. A year ago, on May 31, they were priced at 375p. On Friday, its market capitalisation stood at some £435m.

While Countrywide is a long way short of Purplebricks in terms of market valuation, Purplebricks has even further to go should it aspire to catch up with Rightmove, with a valuation of £3.92bn.

On Friday Rightmove announced the appointment of easyJet’s chief financial officer Andrew Findlay as a non-executive director. Shares in Rightmove tiptoed up very slightly on Friday, to stand at 4,2239p.

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Source:: Thanks a billion! Purplebricks’ valuation reaches an all-time high as enthusiastic investors pile in