Google Price Target Lowered to $650.00 at CRT Capital (GOOG)
Equities research analysts at CRT Capital dropped their price target on shares of Google (NASDAQ:GOOG) from $710.00 to $650.00 in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock.
In other Google news, CEO Lawrence Page unloaded 41,670 shares of the company’s stock on the open market in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $541.62, for a total value of $22,569,305.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, 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.
Shares of Google (NASDAQ:GOOG) traded down 3.67% 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 has a 50-day moving average of $550. and a 200-day moving average of $550.. The company has a market cap of $360.3 billion and a P/E ratio of 29.28. Google also saw unusually large options trading activity on Thursday. Investors purchased 45,156 call options on the stock. This represents an increase of 154% compared to the average daily volume of 17,774 call options.
Google Inc (NASDAQ:GOOG), is a global technology company.
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