JC Penney Gets a Hold Rating from Jefferies

By Ryan Adsit

Jefferies analyst Randal Konik reiterated a Hold rating on JC Penney (NYSE: JCP) today and set a price target of $4. The company’s shares opened today at $4.26, close to its 52-week low of $3.45.

According to TipRanks.com, Konik is a 1-star analyst with an average return of -0.1% and a 50.4% success rate. Konik covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Eros International Plc, and Abercrombie Fitch.

Currently, the analyst consensus on JC Penney is Hold and the average price target is $4.81, representing a 12.9% upside.

In a report issued on August 31, Robert W. Baird also reiterated a Hold rating on the stock with a $5 price target.

The company has a one year high of $10.74 and a one year low of $3.45. Currently, JC Penney has an average volume of 17.37M.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JCP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

J. C. Penney Co., Inc. operates department stores, which consist of selling merchandise and services to consumers through its department stores. It sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings.