JC Penney (JCP) Gets a Hold Rating from B.Riley FBR

By Carrie Williams

B.Riley FBR analyst Jeff Van Sinderen maintained a Hold rating on JC Penney (JCPResearch Report) today and set a price target of $1.80. The company’s shares opened today at $1.58.

According to TipRanks.com, Sinderen is a 1-star analyst with an average return of -2.7% and a 42.4% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Universal Electronics, Chromadex Corp, and Steven Madden.

Currently, the analyst consensus on JC Penney is a Hold with an average price target of $1.75, a 10.8% upside from current levels. In a report released yesterday, Guggenheim also maintained a Hold rating on the stock.

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The company has a one-year high of $3.89 and a one-year low of $0.92. Currently, JC Penney has an average volume of 9.44M.

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J. C. Penney Co., Inc. is a holding company, which engages in the business of selling merchandise and services to consumers through its department stores and website. It offers appliances, handbags, shoes, jewelry, shoes, and clothes. The company was founded by James Cash Penney in April 1902 and is headquartered in Plano, TX.