Jefferies Group Trims JG Wentworth Co (JGWE) Target Price to $0.35
JG Wentworth Co (NASDAQ:JGWE) had its price target cut by equities research analysts at Jefferies Group from $1.00 to $0.35 in a research report issued on Tuesday. The brokerage presently has a “hold” rating on the stock.
Separately, Zacks Investment Research upgraded JG Wentworth from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th.
Shares of 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. JG Wentworth has a 52-week low of $0.20 and a 52-week high of $5.71. The firm’s market cap is $5.19 million. The firm has a 50 day moving average price of $0.34 and a 200 day moving average price of $0.57.
About JG Wentworth
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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