JMP Securities Maintains Market Outperform Rating for Encore Capital Gr: Here's What You Need To Know

JMP Securities has decided to maintain its Market Outperform rating of Encore Capital Gr ECPG and lower its price target from $61.00 to $56.00.

Shares of Encore Capital Gr are trading down 1.05% over the last 24 hours, at $42.30 per share.

A move to $56.00 would account for a 32.39% increase from the current share price.

About Encore Capital Gr

Encore Capital Group Inc is a specialty finance company. It provides debt recovery solutions for consumers and property owners across a broad range of financial assets. The company purchase portfolios of defaulted consumer receivables at deep discounts to face value and manage them by working with individuals as the consumer repay their obligations and work toward financial recovery. Encore has only a reportable segment being portfolio purchasing and recovery.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.