Google Coverage Initiated at FBN Securities (GOOG)
Investment analysts at FBN Securities initiated coverage on shares of Google (NASDAQ:GOOG) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
In other Google news, SVP Nikesh Arora unloaded 2,500 shares of Google stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $1,150.00, for a total value of $2,875,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. upgraded shares of Google from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $3.20 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Google from $1,067.00 to $1,220.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Google from $1,100.00 to $1,305.00 in a research note to investors on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. Google presently has an average rating of “Buy” and an average price target of $1,066.08.
Shares of Google (NASDAQ:GOOG) traded up 2.35% on Tuesday, hitting $1149.40. 2,484,514 shares of the company’s stock traded hands. Google has a one year low of $695.52 and a one year high of $1151.00. The stock’s 50-day moving average is $1093. and its 200-day moving average is $962.8. The company has a market cap of $384.0 billion and a P/E ratio of 30.56.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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