Google Price Target Lowered to $675.00 at Nomura (GOOG)
Research analysts at Nomura dropped their price target on shares of Google (NASDAQ:GOOG) from $700.00 to $675.00 in a report released on Wednesday, StockRatingsNetwork.com reports. Nomura’s target price would indicate a potential upside of 26.62% from the company’s current price.
In other Google news, CEO Lawrence Page unloaded 33,332 shares of the stock on the open market in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $537.07, for a total value of $17,901,617.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Google (NASDAQ:GOOG) traded down 0.66% during mid-day trading on Wednesday, hitting $529.59. The stock had a trading volume of 513,524 shares. Google has a 1-year low of $502.80 and a 1-year high of $604.83. The stock’s 50-day moving average is $536.9 and its 200-day moving average is $536.9. The company has a market cap of $357.2 billion and a P/E ratio of 27.93.
Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Google in a research note on Sunday, April 20th. They now have a $625.00 price target on the stock.
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