Zacks Investment Research downgraded J C Penney Company Inc (NYSE:JCP) to Hold in a report released today.
- Updated: October 17, 2016
Just yesterday J C Penney Company Inc (NYSE:JCP) traded -1.73% lower at $8.59. J C Penney Company Inc’s 50-day moving average is $9.51 and its 200-day moving average is $9.19. The last stock price is down -7.27% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 11,345,144 shares of JCP traded hands, down from an average trading volume of 14,572,700
Zacks Investment Research has downgraded J C Penney Company Inc (NYSE:JCP) to Hold in a report released on 10/17/2016.
Previously on 10/03/2016, Vetr Inc. released a statement about J C Penney Company Inc (NYSE:JCP) increased the target price from $0.00 to $10.35. At the time, this indicated a possible upside of 0.12%.
Recent Performance Chart
J C Penney Company Inc has 52 week low of $6.00 and a 52 week high of $11.99 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 25 brokerages have issued a research note on the company. The average stock price target is $10.84 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On J C Penney Company Inc (NYSE:JCP)
J. C. Penney Company, Inc. is a holding company. The Company's operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company's business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com, which utilizes optimized applications for desktop, mobile and tablet devices. The Company's department stores and Website serves the same type of customers, its Website offers virtually the same mix of merchandise as its in store assortment along with other extended categories that are not offered in store, and its department stores accept returns from sales made in stores and through its Website. Its 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. It sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings.
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