Julius Bär Gruppe (OTCMKTS:JBAXY) Price target reduced to CHF 61

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Julius Bär Gruppe (OTCMKTS:JBAXY – Get Note) had its target price reduced by JPMorgan Chase & Co. from CHF 65 to CHF 61 in a research report sent to investors on Tuesday morning, reports The Fly. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research companies have also published reports on JBAXY. Royal Bank of Canada lowered its price target on Julius Bär Gruppe from CHF 65 to CHF 60 in a Monday, May 23 report. Societe Generale upgraded shares of Julius Bär Gruppe from a hold rating to a buy rating in a Thursday, April 7 research note. Morgan Stanley lowered its price target on shares of Julius Bär Gruppe from CHF 74 to CHF 63 in a Sunday May 15 research note. Deutsche Bank Aktiengesellschaft upgraded shares of Julius Bär Gruppe from a hold rating to a buy rating in a research report on Thursday, April 7. Finally, Credit Suisse Group lowered its price target on shares of Julius Bär Gruppe from CHF 68 to CHF 65 in a research report on Monday, May 23. Three research analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat, the stock has a moderate buy consensus rating and a consensus target price of $64.00.

Shares of OTCMKTS:JBAXY opened at $8.92 on Tuesday. The stock’s 50-day moving average is $9.50 and its 200-day moving average is $11.02. Julius Bär Gruppe has a 52-week low of $8.59 and a 52-week high of $14.73.

The company also recently disclosed a dividend, which was paid on Wednesday, May 4. Shareholders of record on Tuesday, April 19 received a dividend of $0.162 per share. The ex-dividend date was Monday, April 18. This represents a dividend yield of 3.22%.

About Julius Bär Gruppe (Get an evaluation)

Julius Bär Gruppe AG provides wealth management solutions in Switzerland, Europe, America, Asia and internationally. Its solutions include discretionary mandates, investment advisory mandates, securities execution and advice, foreign exchange and precious metals, family office services, lombard loans, structured products, global custody, real estate advice and financing and wealth planning.

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