The J C Penney Company’s (JCP) Neutral Rating Reiterated at Citigroup Inc

The J C Penney Company’s (JCP) Neutral Rating Reiterated at Citigroup Inc

Several other analysts have also recently issued reports on JCP. Piper Jaffray Companies set a $5.00 target price on J C Penney Company and gave the stock a “hold” rating in a research note on Saturday, May 13th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of J C Penney Company in a research note on Saturday, May 13th. B. Riley reissued a “neutral” rating and issued a $5.70 target price on shares of J C Penney Company in a research note on Monday, May 15th. Susquehanna Bancshares Inc reissued a “positive” rating on shares of J C Penney Company in a research note on Tuesday, February 28th. Finally, Robert W. Baird set a $9.00 target price on J C Penney Company and gave the stock a “buy” rating in a research note on Monday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $7.22.

J C Penney Company Inc (NYSE:JCP)‘s stock had its “neutral” rating reissued by research analysts at Citigroup Inc in a note issued to investors on Monday, May 15th. They presently have a $4.50 target price on the department store operator’s stock, down from their previous target price of $6.50. Citigroup Inc’s price objective points to a potential downside of 7.98% from the company’s current price.

Shares of J C Penney Company (NYSE JCP) opened at 4.89 on Monday. The company’s market cap is $1.51 billion. The company’s 50 day moving average price is $5.13 and its 200 day moving average price is $6.84. J C Penney Company has a 12 month low of $4.17 and a 12 month high of $11.30.

Institutional investors have recently made changes to their positions in the company. Dynamic Capital Management Ltd raised its position in shares of J C Penney Company by 26.0% in the third quarter. Dynamic Capital Management Ltd now owns 270,867 shares of the department store operator’s stock worth $2,497,000 after buying an additional 55,873 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of J C Penney Company by 4.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,153 shares of the department store operator’s stock worth $287,000 after buying an additional 1,211 shares during the last quarter. Mik Capital LLC purchased a new position in shares of J C Penney Company during the third quarter worth $7,838,000. Commonwealth Bank of Australia raised its position in shares of J C Penney Company by 63.4% in the third quarter. Commonwealth Bank of Australia now owns 79,400 shares of the department store operator’s stock worth $733,000 after buying an additional 30,800 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of J C Penney Company by 4.3% in the third quarter. Pacer Advisors Inc. now owns 55,856 shares of the department store operator’s stock worth $515,000 after buying an additional 2,292 shares during the last quarter. Institutional investors own 85.70% of the company’s stock. About J C Penney Company

J. C. Penney Company, Inc is a holding company. The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JCP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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