CD Projekt (OTCMKTS:OTGLY) Price Target Lowered to 156.00 at JPMorgan Chase & Co.

CD Projekt (OTCMKTS:OTGLYGet Rating) had its price objective lowered by analysts at JPMorgan Chase & Co. from 225.00 to 156.00 in a research report issued on Tuesday, The Fly reports.

Other equities research analysts have also issued reports about the stock. Berenberg Bank upgraded shares of CD Projekt from a “sell” rating to a “hold” rating in a report on Monday. Sanford C. Bernstein lowered shares of CD Projekt from a “market perform” rating to an “underperform” rating in a report on Monday, January 17th. HSBC lowered shares of CD Projekt from a “hold” rating to a “reduce” rating in a report on Thursday, March 31st. Morgan Stanley lowered shares of CD Projekt from an “equal weight” rating to an “underweight” rating in a report on Friday, January 7th. Finally, Credit Suisse Group lowered their price target on shares of CD Projekt from $118.00 to $100.00 and set an “underperform” rating for the company in a report on Wednesday, April 20th. Eight analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, CD Projekt presently has an average rating of “Sell” and a consensus price target of $100.55.

Shares of OTGLY traded up $0.41 during mid-day trading on Tuesday, reaching $7.61. The company’s stock had a trading volume of 44,676 shares, compared to its average volume of 34,463. CD Projekt has a 52 week low of $7.15 and a 52 week high of $14.33. The company’s fifty day moving average price is $9.75 and its two-hundred day moving average price is $10.85.

CD Projekt Company Profile (Get Rating)

CD Projekt SA, through its subsidiaries, engages in the development and digital distribution of videogames for personal computers and video game consoles worldwide. It operates through two segments, CD PROJEKT RED and GOG.com. The company's product portfolio comprises The Witcher; The Witcher 2: Assassins of Kings; The Witcher 3: Wild Hunt, Hearts of Stone games, and Blood and Wine; Thronebreaker: The Witcher Tales; Gwent: The Witcher Card game; and Cyberpunk 2077.

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