JDE Peet’s (OTCMKTS:JDEPF – Get Free Report) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 978,400 shares, a growth of 6.2% from the October 15th total of 920,900 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 1,223.0 days.
Analyst Ratings Changes
A number of research firms have issued reports on JDEPF. ING Group downgraded JDE Peet’s from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Deutsche Bank Aktiengesellschaft lowered JDE Peet’s from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.83.
JDE Peet’s Price Performance
About JDE Peet’s
JDE Peet's N.V., together with its subsidiaries, provides various coffee and tea products worldwide. It operates through CPG Europe, CPG LARMEA, CPG APAC, Out-of-Home, and Peet's segments. The company sells its products under the L'OR, Peet's, Jacobs, Senseo, Tassimo, Douwe Egberts, OldTown, Super, Pickwick, and Moccona brand names.
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