Jefferies Group Trims JG Wentworth Co (JGWE) Target Price to $0.35
JG Wentworth Co (NASDAQ:JGWE) had its target price reduced by equities research analysts at Jefferies Group from $1.00 to $0.35 in a report issued on Tuesday. The brokerage currently has a “hold” rating on the stock.
Separately, Zacks Investment Research upgraded JG Wentworth from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
JG Wentworth (NASDAQ:JGWE) traded down 5.17% during mid-day trading on Tuesday, hitting $0.33. The stock had a trading volume of 567 shares. The company has a 50 day moving average price of $0.34 and a 200 day moving average price of $0.57. JG Wentworth has a one year low of $0.20 and a one year high of $5.71. The stock’s market cap is $5.19 million.
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JG Wentworth Company Profile
The J.G. Wentworth Company is a diversified financial services company. The Company focuses on providing solutions to consumers in need of cash. The Company conducts its operations through two segments: Structured Settlements and Annuity Purchasing (Structured Settlements), and Home Lending. The Structured Settlements segment provides liquidity to individuals with various financial assets, such as structured settlements, annuities, and lottery winnings, by either purchasing these financial assets for a lump-sum payment, issuing installment obligations payable over time, or serving as a broker to other purchasers of those financial assets.
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