Google PT Raised to $1,300.00 (GOOG)
Jefferies Group upped their price target on shares of Google (NASDAQ:GOOG) from $1,150.00 to $1,300.00 in a research note issued on Tuesday, AR Network reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 15.76% from the stock’s previous close.
Shares of Google (NASDAQ:GOOG) traded up 1.98% during mid-day trading on Tuesday, hitting $1123.01. The stock had a trading volume of 2,217,723 shares. Google has a 52 week low of $750.25 and a 52 week high of $1167.89. The stock’s 50-day moving average is $1116. and its 200-day moving average is $978.8. The company has a market cap of $375.2 billion and a P/E ratio of 29.97.
In other Google news, CEO Lawrence Page sold 16,670 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $1,153.99, for a total transaction of $19,237,013.30. The transaction was disclosed in a filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Telsey Advisory Group reiterated a “not rated” rating on shares of Google in a research note to investors on Monday. They now have a $1,250.00 price target on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Google from $1,135.00 to $1,450.00 in a research note to investors on Tuesday, January 21st. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James reiterated a “positive” rating on shares of Google in a research note to investors on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $1,099.98.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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