Julius Bär Gruppe (OTCMKTS:JBAXY) Price Target Cut to CHF 60 by Analysts at Royal Bank of Canada

Julius Bär Gruppe (OTCMKTS:JBAXYGet Rating) had its price objective cut by equities research analysts at Royal Bank of Canada from CHF 65 to CHF 60 in a note issued to investors on Monday, The Fly reports.

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Julius Bär Gruppe from a “hold” rating to a “buy” rating in a research report on Thursday, April 7th. UBS Group cut their price target on Julius Bär Gruppe from CHF 75 to CHF 67 in a research note on Friday, March 11th. Morgan Stanley lowered their price target on Julius Bär Gruppe from CHF 74 to CHF 63 in a research note on Sunday, May 15th. Societe Generale raised shares of Julius Bär Gruppe from a “hold” rating to a “buy” rating in a research report on Thursday, April 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Julius Bär Gruppe from CHF 71 to CHF 63 in a report on Monday, March 14th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Julius Bär Gruppe presently has an average rating of “Buy” and a consensus price target of $64.25.

OTCMKTS JBAXY opened at $9.39 on Monday. The company has a 50 day simple moving average of $10.43 and a 200-day simple moving average of $11.96. Julius Bär Gruppe has a 52-week low of $8.98 and a 52-week high of $14.73.

About Julius Bär Gruppe (Get Rating)

Julius Bär Gruppe AG provides wealth management solutions in Switzerland, Europe, Americas, Asia, and internationally. Its solutions include discretionary mandates, investment advisory mandates, securities execution and advisory, foreign exchange and precious metals, family office services, Lombard lending, structured products, global custody, real estate advisory and financing, and wealth planning.

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