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Piper Jaffray covered J.C. Penney Company (NYSE:JCP), scaling down its target to $5.00 today

J.C. Penney Company (NYSE:JCP) had its target bumped down to $5.00 by Piper Jaffray in a report issued 05/23/2017. The updated stock price target implies a potential upside of 0.08% from the company's last closing price.

Previously on Thursday May 18, 2017, BMO Capital Markets reported on J.C. Penney Company (NYSE:JCP) lowered the target price from $8.00 to $6.00. At the time, this suggested an upside of 0.34%.

Boasting a price of $4.61, J.C. Penney Company (NYSE:JCP) traded -5.61% lower on the day. The last stock price is up -35.22% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time period. The company has recorded a 50-day moving average of $3.76 and a 200-day average of $4.55. Volume of trade was down over the average, with 10,613,908 shares of JCP changing hands under the typical 17,803,500

Performance Chart

J.C. Penney Company (NYSE:JCP)

J.C. Penney Company has with a 52 week low of $2.76 and a 52 week high of $10.74 and has a market cap of $0.

Also covering J.C. Penney Company's target, a total of 25 analysts have released a report on J.C. Penney Company. The 12-month price target is $10.84 with zero analysts rating the company a strong buy, zero analysts rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About J.C. Penney Company (NYSE:JCP)

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. It fulfills online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers' warehouses and by in store customer pick up. The Company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney, home furnishings and appliances. In addition, its department stores provide its customers with services, such as styling salon, optical, portrait photography and custom decorating.

The post Piper Jaffray Covered J.C. Penney Company (NYSE:JCP), scaling down its target to $5.00 today appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Piper Jaffray covered J.C. Penney Company (NYSE:JCP), scaling down its target to $5.00 today

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