Banro Rating Lowered to Market Perform at Cormark (BAA)
Banro (NYSE:BAA) was downgraded by equities research analysts at Cormark to a “market perform” rating in a research note issued to investors on Thursday, StockRatingsNetwork.com reports.
Banro (NYSE:BAA) traded up 0.73% on Thursday, hitting $0.6245. The stock had a trading volume of 391,615 shares. Banro has a one year low of $0.41 and a one year high of $3.15. The stock’s 50-day moving average is $0.58 and its 200-day moving average is $0.72. The company has a market cap of $157.4 million and a P/E ratio of 25.83.
Banro (NYSE:BAA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.01. Analysts expect that Banro will post $0.01 EPS for the current fiscal year.
A number of other firms have also recently commented on BAA. Analysts at Goldman Sachs Group Inc. upgraded shares of Banro from a “sell” rating to a “neutral” rating in a research note to investors on Thursday, December 12th. Separately, analysts at BMO Capital Markets reiterated an “in-line” rating on shares of Banro in a research note to investors on Wednesday, November 13th. Finally, analysts at CIBC cut their price target on shares of Banro to $0.80 in a research note to investors on Friday, October 11th. They now have a “sector perform” rating on the stock. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $0.75.
Banro Corporation (NYSE:BAA) is a Canada-based gold exploration company.
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