Myer Holdings’s “Neutral” Rating Reaffirmed at JPMorgan Chase & Co. (MYR)
Myer Holdings (ASX:MYR)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a $2.29 target price on the stock, down from their previous target price of $2.51.
MYR has been the subject of a number of other recent research reports. Analysts at Deutsche Bank downgraded shares of Myer Holdings to a “hold” rating in a research note on Wednesday, April 9th. They now have a $2.80 price target on the stock.
Myer Holdings (ASX:MYR) traded up 1.85% during mid-day trading on Wednesday, hitting A$2.200. 6,241,551 shares of the company’s stock traded hands. Myer Holdings has a 1-year low of A$2.040 and a 1-year high of A$2.970. The stock has a 50-day moving average of A$2.25 and a 200-day moving average of A$2.55. The company has a market cap of A$1.288 billion and a price-to-earnings ratio of 10.64.
Myer Holdings Limited is engaged in the operation of the Myer department store business. The store network includes a footprint of approximately 65 stores in retail locations across Australia.
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