Mecom Group Price Target Cut to GBX 46 (MEC)
Stock analysts at JPMorgan Chase & Co. reduced their price objective on shares of Mecom Group (LON:MEC) from GBX 66 ($1.03) to GBX 46 ($0.72) in a report issued on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 12.88% from the stock’s previous close.
Shares of Mecom Group (LON:MEC) remained flat at GBX 40.75 during trading on Wednesday. The stock had a trading volume of 79,935 shares. Mecom Group has a 52-week low of GBX 27.00 and a 52-week high of GBX 98.75. The stock has a 50-day moving average of GBX 37.61 and a 200-day moving average of GBX 48.73. The company’s market cap is £48.5 million.
A number of other analysts have also recently weighed in on MEC. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Mecom Group (LON:MEC) in a research note to investors on Wednesday, September 4th. They now have a GBX 65 ($1.02) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Mecom Group (LON:MEC) in a research note to investors on Tuesday, September 3rd. They now have a GBX 89 ($1.39) price target on the stock.
Mecom Group plc (LON:MEC) is engaged in the operation of content and consumer businesses in Europe.
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