Google Price Target Increased to $1,150.00 by Analysts at Jefferies Group (GOOG)
Investment analysts at Jefferies Group hoisted their target price on shares of Google (NASDAQ:GOOG) to $1,150.00 in a note issued to investors on Friday, American Banking News.com reports. Jefferies Group’s price target points to a potential upside of 29.39% from the stock’s previous close.
GOOG has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Google in a research note to investors on Friday. Separately, analysts at BGC Financial reiterated a “hold” rating on shares of Google in a research note to investors on Thursday. They now have a $850.00 price target on the stock, up previously from $810.00. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Google in a research note to investors on Tuesday. They now have a $1,020.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $975.03.
In other Google news, CEO Lawrence Page unloaded 20,835 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $890.31, for a total transaction of $18,549,608.85. The sale was disclosed in a document filed with the SEC, which is available at this link.
Google (NASDAQ:GOOG) opened at 888.794 on Friday. Google has a 1-year low of $636.00 and a 1-year high of $928.00. The stock has a 50-day moving average of $879.7 and a 200-day moving average of $868.9. The company has a market cap of $296.0 billion and a price-to-earnings ratio of 25.71. Google also was the recipient of some unusual options trading activity on Thursday. Stock investors acquired 73,980 call options on the company. This is an increase of 311% compared to the average daily volume of 17,999 call options.
Google (NASDAQ:GOOG) last announced its earnings results on Thursday, October 17th. The company reported $10.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $10.36 by $0.38. The company had revenue of $14.89 billion for the quarter, compared to the consensus estimate of $14.79 billion. During the same quarter last year, the company posted $9.03 earnings per share. Google’s revenue was up 31.4% compared to the same quarter last year. Analysts expect that Google will post $43.48 EPS for the current fiscal year.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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