Joules (JOUL) Shares Up 8.3%
Joules Ltd (LON:JOUL)’s share price shot up 8.3% on Wednesday . The stock traded as high as GBX 228 ($2.98) and last traded at GBX 224.12 ($2.93). 142,160 shares were traded during mid-day trading, an increase of 61% from the average session volume of 88,266 shares. The stock had previously closed at GBX 207 ($2.70).
JOUL has been the topic of several recent analyst reports. Peel Hunt restated a “buy” rating on shares of Joules in a report on Wednesday. Liberum Capital restated a “buy” rating and issued a GBX 420 ($5.49) price objective on shares of Joules in a report on Wednesday. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 360 ($4.70) price objective on shares of Joules in a report on Tuesday, October 9th. Five research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of GBX 369 ($4.82).
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Joules Group Plc, together with its subsidiaries, designs and sells lifestyle clothing, related accessories, and home ware under the Joules brand in the United Kingdom and internationally. The company operates through three segments: Retail, Wholesale, and Other. Its product portfolio includes women's swear, such as shirts, dresses, tunics, rainwear, and cold weather coats and accessories; men's wear, including tops, chinos, shirts, and denim, as well as rainwear; boys and girls, and baby collections; wellies; and home ware comprising kitchen textiles, crockery, bedding, cushions, picnic ware, and throws, as well as licensed products, including eyewear, bedding, and toiletries.
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