Joules Group (JOUL) Sets New 1-Year High on Analyst Upgrade
Shares of Joules Group PLC (LON:JOUL) hit a new 52-week high on Wednesday after Liberum Capital raised their price target on the stock from GBX 400 to GBX 410. Liberum Capital currently has a buy rating on the stock. Joules Group traded as high as GBX 331 ($4.65) and last traded at GBX 328 ($4.61), with a volume of 59384 shares traded. The stock had previously closed at GBX 328 ($4.61).
Several other brokerages have also weighed in on JOUL. Peel Hunt reissued a “buy” rating and set a GBX 330 ($4.63) price objective on shares of Joules Group in a report on Tuesday, December 5th. Beaufort Securities reaffirmed a “buy” rating on shares of Joules Group in a research note on Wednesday, January 10th. Finally, FinnCap reaffirmed a “buy” rating and issued a GBX 320 ($4.49) price target on shares of Joules Group in a research note on Monday, October 16th. Five equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of GBX 328.50 ($4.61).
In related news, insider Marc Simon Dench purchased 9,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average price of GBX 265 ($3.72) per share, with a total value of £24,910 ($34,981.04).
About Joules Group
Joules Group PLC is engaged in the design and sale of lifestyle clothing, related accessories and a homeware range, through the multi-channel business structure embracing retail stores, e-commerce, county shows and events and wholesale. The Company has three segments: Retail, Wholesale and Other. The Retail segment includes sales and costs relevant to Stores, E-commerce, Shows and Franchises.
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