Google Price Target Lowered to $0.00 at UBS AG (GOOG)
Research analysts at UBS AG dropped their price objective on shares of Google (NASDAQ:GOOG) in a report released on Thursday, American Banking News reports.
Shares of Google (NASDAQ:GOOG) traded down 3.67% during mid-day trading on Thursday, hitting $536.10. 6,795,393 shares of the company’s stock traded hands. Google has a 1-year low of $518.46 and a 1-year high of $604.83. The stock’s 50-day moving average is $550. and its 200-day moving average is $550.. The company has a market cap of $360.3 billion and a price-to-earnings ratio of 29.28. Google also was the target of some unusual options trading on Thursday. Investors bought 45,156 call options on the stock. This is an increase of approximately 154% compared to the typical volume of 17,774 call options.
Google (NASDAQ:GOOG) last announced its earnings results on Wednesday, April 16th. The company reported $6.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.44 by $0.17. The company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.51 billion.
In other Google news, CEO Lawrence Page sold 41,666 shares of the stock on the open market in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $552.48, for a total transaction of $23,019,631.68. The sale was disclosed in a legal 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 SunTrust reiterated a “buy” rating on shares of Google in a research note on Thursday. They now have a $680.00 price target on the stock. Separately, analysts at JMP Securities cut their price target on shares of Google to $695.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at CRT Capital cut their price target on shares of Google from $710.00 to $650.00 in a research note on Thursday. They now have a “buy” rating on the stock. Seven equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $660.17.
Google Inc (NASDAQ:GOOG), is a global technology company.
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