by Structured Settlement Watchdog®
As the price of the penny stock settlement purchaser JG Wentworth dipped below a buck for the 3rd or 4th time since November and ended the day at $1.03/share, it seems fair to have a reverse chronologic look at analysts' opinion of JGW stock since 2014. and the results are "startling". Have ALL these analysts really not got a clue? Collectively speaking, their opinions have been consistently wrong about JGW to the chagrin of investors.
3/9/2016 Jefferies cuts price target from $2 to $1.25
12/28/2015 Investor Place rated JGW one of its hottest finance stocks
12/16/2015 – JGWPT Holdings Inc. had its “hold” rating reiterated by analysts at Jefferies. They now have a USD 2 price target on the stock.
11/10/2015 – JGWPT Holdings Inc. had its “hold” rating reiterated by analysts at Deutsche Bank. They now have a USD 6 price target on the stock.
9/1/2015 JG Wentworth Price Target Lowered 46.15% by JMP Securities to $7 "Market outperform". 6 analysts rate it a Buy 3 Rate it a hold and O rated it a sell. One analyst has a $13, with average of $9.5.
11/10/2015 – JGWPT Holdings Inc. had its “hold” rating reiterated by analysts at Deutsche Bank. They now have a USD 6 price target on the stock.
10/06/2015 – JGWPT Holdings Inc. had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods. They now have a USD 7 price target on the stock.
9/1/2015 JG Wentworth Price Target Lowered 46.15% by JMP Securities to $7 "Market outperform". 6 analysts rate it a Buy 3 Rate it a hold and O rated it a sell. One analyst has a $13, with average of $9.5.
05/13/2015 – JGWPT Holdings Inc. was downgraded to “hold” by analysts at Zacks.
1/26/2015 Seeking Alpha speaks aof a report by hedge fund Kerrisdale Capital suggests stock could be worth up to $36 a share and holds a 5% stake in JGW.
11/14/2014 – JGWPT Holdings Inc. had its “overweight” rating reiterated by analysts at Barclays. They now have a USD 12 price target on the stock.
5/19/2014 Deutsche Bank reiterates buy with price target of $14
05/16/2014 – JGWPT Holdings Inc. had its “overweight” rating reiterated by analysts at Stephens. They now have a USD 13 price target on the stock.
Sources: RisersandFallers.com and miscellaneous others
Perhaps it is a coincidence that this video was published on YouTube in October 2014...
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