RBC Capital analyst Gerard Cassidy maintained a Buy rating on JPMorgan Chase & Co. (JPM) yesterday and set a price target of $160.00. The company’s shares closed last Wednesday at $151.21, close to its 52-week high of $161.69.
According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 33.6% and a 82.9% success rate. Cassidy covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, Goldman Sachs Group, and Citizens Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JPMorgan Chase & Co. with a $161.73 average price target, a 6.8% upside from current levels. In a report issued on April 1, Deutsche Bank also maintained a Buy rating on the stock with a $175.00 price target.
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The company has a one-year high of $161.69 and a one-year low of $82.40. Currently, JPMorgan Chase & Co. has an average volume of 14.41M.
Based on the recent corporate insider activity of 205 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JPM in relation to earlier this year.
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JPMorgan Chase & Co. provides financial and investment banking services. It operates through the major segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset & Wealth Management. The company was founded in 1968 and is headquartered in New York, NY.
