Google Given New $625.00 Price Target at Deutsche Bank (GOOG)
Investment analysts at Deutsche Bank lowered their target price on shares of Google (NASDAQ:GOOG) from $665.00 to $625.00 in a note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at CRT Capital cut their price target on shares of Google from $710.00 to $650.00 in a research note on Friday. They now have a “buy” rating on the stock. Analysts at RBC Capital cut their price target on shares of Google from $710.00 to $670.00 in a research note on Friday. They now have an “outperform” rating on the stock.
Google (NASDAQ:GOOG) traded down 3.67% during mid-day trading on Friday, 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 recipient of unusually large options trading activity on Thursday. Stock traders bought 45,156 call options on the stock. This is an increase of 154% compared to the typical volume of 17,774 call options.
In other Google news, CEO Lawrence Page unloaded 41,670 shares of Google stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $541.62, for a total transaction of $22,569,305.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Google Inc (NASDAQ:GOOG), is a global technology company.
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