Brokerages Set Jumei International Holding Ltd (NYSE:JMEI) PT at $10.78
Shares of Jumei International Holding Ltd (NYSE:JMEI) have been assigned an average rating of “Hold” from the eight analysts that are currently covering the firm. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $10.78.
Separately, Credit Suisse Group AG raised Jumei International Holding from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 25th.
Shares of Jumei International Holding (NYSE:JMEI) opened at 6.15 on Friday. The stock’s 50 day moving average price is $5.29 and its 200-day moving average price is $5.21. The stock has a market cap of $901.80 million, a price-to-earnings ratio of 50.00 and a beta of 1.91. Jumei International Holding has a 1-year low of $3.80 and a 1-year high of $11.89.
A number of hedge funds have recently added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new stake in Jumei International Holding during the second quarter worth about $106,000. Cubist Systematic Strategies LLC purchased a new stake in Jumei International Holding during the second quarter worth about $107,000. Tairen Capital Ltd purchased a new stake in Jumei International Holding during the first quarter worth about $135,000. Emerald Acquisition Ltd. bought a new position in shares of Jumei International Holding during the second quarter worth approximately $261,000. Finally, BlackRock Group LTD boosted its position in shares of Jumei International Holding by 41.1% in the second quarter. BlackRock Group LTD now owns 64,466 shares of the company’s stock worth $266,000 after buying an additional 18,785 shares during the period.
About Jumei International Holding
Jumei International Holding Limited is an online retailer of beauty products. The Company has two complementary sales formats on its Internet platform for beauty products: curated sales and online shopping mall through which it sells beauty products directly to customers. As part of curated sales, its Jumei Global offers Chinese consumers access to beauty products sourced directly from overseas and allows its consumers to make payments in Renminbi.
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