Jumei International Holding Ltd(ADR) Reaches New 52-Week High at $39.45 (JMEI)
Jumei International Holding Ltd(ADR) (NASDAQ:JMEI)’s share price reached a new 52-week high during mid-day trading on Monday , Analyst Ratings.Net reports. The company traded as high as $39.45 and last traded at $37.61, with a volume of 917,978 shares trading hands. The stock had previously closed at $37.99.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs reiterated a “positive” rating on shares of Jumei International Holding Ltd(ADR) in a research note on Wednesday, July 30th. Separately, analysts at Citigroup Inc. initiated coverage on shares of Jumei International Holding Ltd(ADR) in a research note on Thursday, July 24th. They set a “buy” rating and a $32.60 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Jumei International Holding Ltd(ADR) in a research note on Monday, July 14th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $33.15.
The stock’s 50-day moving average is $29.75 and its 200-day moving average is $28.22. The company has a market cap of $5.323 billion and a P/E ratio of 254.97.
Jumei International Holding Ltd is an online retailer of beauty products. The Company has sold over 30,000 stock keeping units (NASDAQ:JMEI) of beauty products.
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