Julius Bär Gruppe (OTCMKTS:JBAXY) Trading Down 1.1% – What’s Next?

Julius Bär Gruppe AG (OTCMKTS:JBAXY) fell 1.1% during mid-day trading on Tuesday . The company traded as low as $18.1620 and last traded at $18.22. Approximately 58,474 shares were traded during mid-day trading, a decline of 51% from the average session volume of 118,971 shares. The stock had previously closed at $18.42.

Analysts Set New Price Targets

A number of research firms have issued reports on JBAXY. Citigroup raised Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Keefe, Bruyette & Woods lowered shares of Julius Bär Gruppe from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. Barclays upgraded shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Finally, Zacks Research lowered shares of Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Julius Bär Gruppe Stock Performance

The stock’s 50-day moving average is $16.69 and its 200 day moving average is $16.26.

Julius Bär Gruppe Company Profile

Julius Bär Gruppe (OTCMKTS: JBAXY) is a Swiss global wealth manager headquartered in Zurich. The group specialises in private banking and asset management services for high-net-worth individuals and families. With a client-centric approach, Julius Bär offers tailored investment solutions designed to preserve and grow clients’ wealth over the long term.

The firm’s core services include discretionary and advisory portfolio management, wealth planning, lending and credit facilities, customised trading solutions and family office services.