Jefferies Financial Group (JEF) Price Target Cut to $30.00 by Analysts at Oppenheimer
Jefferies Financial Group (NYSE:JEF) had its price objective cut by research analysts at Oppenheimer from $32.00 to $30.00 in a report issued on Friday, The Fly reports. Oppenheimer’s price objective would suggest a potential upside of 58.98% from the company’s current price.
Separately, Zacks Investment Research lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday.
Shares of NYSE JEF opened at $18.87 on Friday. Jefferies Financial Group has a 52 week low of $16.20 and a 52 week high of $28.30. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $5.98 billion, a P/E ratio of 11.44 and a beta of 1.21.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. bought a new position in shares of Jefferies Financial Group during the second quarter valued at approximately $106,000. Palo Capital Inc. bought a new position in shares of Jefferies Financial Group during the third quarter valued at approximately $108,000. Quantbot Technologies LP bought a new position in shares of Jefferies Financial Group during the third quarter valued at approximately $113,000. Qube Research & Technologies Ltd bought a new position in shares of Jefferies Financial Group during the second quarter valued at approximately $141,000. Finally, Federated Investors Inc. PA grew its stake in shares of Jefferies Financial Group by 784.0% during the third quarter. Federated Investors Inc. PA now owns 6,250 shares of the financial services provider’s stock valued at $138,000 after buying an additional 5,543 shares during the last quarter. 76.96% of the stock is owned by institutional investors.
Jefferies Financial Group Company Profile
Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.
Featured Article: The risks of owning bonds
Receive News & Ratings for Jefferies Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jefferies Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.