Peel Hunt Cuts Johnston Press plc (JPR) Price Target to GBX 23
Johnston Press plc (LON:JPR) had its price objective reduced by Peel Hunt from GBX 27 ($0.35) to GBX 23 ($0.30) in a note issued to investors on Wednesday. The brokerage currently has a “reduce” rating on the stock. Peel Hunt’s target price suggests a potential upside of 75.24% from the stock’s current price.
Several other equities research analysts have also recently issued reports on the stock. Liberum Capital reissued a “buy” rating and issued a GBX 160 ($2.09) target price on shares of Johnston Press plc in a research report on Tuesday, September 13th. Numis Securities Ltd reaffirmed an “under review” rating on shares of Johnston Press plc in a research report on Thursday, August 4th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 200 ($2.61) price target on shares of Johnston Press plc in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Johnston Press plc currently has an average rating of “Hold” and an average price target of GBX 109.80 ($1.43).
Johnston Press plc (LON:JPR) traded down 6.250% on Wednesday, hitting GBX 13.125. 1,224,808 shares of the company were exchanged. The firm has a 50 day moving average of GBX 13.03 and a 200-day moving average of GBX 25.37. The stock’s market cap is GBX 13.90 million. Johnston Press plc has a 52-week low of GBX 7.80 and a 52-week high of GBX 77.75.
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About Johnston Press plc
Johnston Press plc is a United Kingdom-based local and regional multimedia organization. The Company provides news and information services to local and regional communities through its portfolio of various publications and Websites. The Company operates through two segments: Publishing (in print and online) and Contract Printing.
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