Shares of Johnston Press plc (LON:JPR) were down 8% during trading on Friday . The company traded as low as GBX 3.13 ($0.04) and last traded at GBX 3.45 ($0.04). Approximately 136,307 shares changed hands during trading, an increase of 231% from the average daily volume of 41,127 shares. The stock had previously closed at GBX 3.75 ($0.05).
Separately, Liberum Capital dropped their price target on shares of Johnston Press from GBX 80 ($1.04) to GBX 36 ($0.47) and set a “buy” rating on the stock in a research note on Wednesday, June 6th.
Johnston Press Company Profile (LON:JPR)
Johnston Press plc provides news and information services to local and regional communities and businesses in the United Kingdom. The company operates through Publishing and Contract Printing segments. Its portfolio includes 13 daily, 154 weekly paid-for, and 37 weekly free newspapers; various monthly lifestyle magazines; specialist local publications; 215 local, e-commerce, and mobile Websites; and 31 tablet and smartphone apps.
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