JPMorgan Chase & Co. Coverage Initiated at Jefferies Group (JPM)
Equities researchers at Jefferies Group began coverage on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $66.00 price target on the stock. Jefferies Group’s price target suggests a potential upside of 12.11% from the stock’s previous close.
JPMorgan Chase & Co. (NYSE:JPM) traded up 0.94% on Wednesday, hitting $58.87. 14,693,718 shares of the company’s stock traded hands. JPMorgan Chase & Co. has a 1-year low of $45.14 and a 1-year high of $59.47. The stock’s 50-day moving average is $57.23 and its 200-day moving average is $54.26. The company has a market cap of $221.3 billion and a P/E ratio of 13.14.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of 0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, January 2nd.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of JPMorgan Chase & Co. from $65.00 to $67.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note to investors on Friday, January 3rd. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note to investors on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $60.57.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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