Could J C Penney Company (JCP) reach $1?
What’s up with J C Penney Company?
J C Penney Company (JCP) opened at $0.20, which means the stock is down 10.00% from yesterday’s closing price of 0.19. Today, the company has a high of $0.20 and a low of $0.16. The company has a market cap of $53.99 million with a 52-week high of $1.32 and a 52-week low of $0.16.
What about the future for J C Penney Company?
The high forecast for J C Penney Company is 1.00 while the low is 0.20. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. J C Penney Company has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information JCP seems to be a safe buy.
About J C Penney Company
J. C. Penney Co., Inc. is a holding company, which through its subsidiary, J. C. Penney Corporation, Inc., engages in the selling merchandise and services to consumers through its department stores and website. It offers appliances, handbags, shoes, jewelry, shoes, and clothes. The company was founded by James Cash Penney in April 1902 and is headquartered in Plano, TX.