Google Receives Outperform Rating from Credit Suisse (GOOG)
Google (NASDAQ:GOOG)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Monday. They currently have a $742.00 price target on the stock, up from their previous price target of $735.00. Credit Suisse’s target price would suggest a potential upside of 28.11% from the company’s current price.
A number of other firms have also recently commented on GOOG. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Google in a research note on Friday. They now have a $625.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Google in a research note on Friday, June 27th. They now have a $686.00 price target on the stock, up previously from $675.00. Finally, analysts at Barclays initiated coverage on shares of Google in a research note on Thursday, June 26th. They set an “overweight” rating and a $650.00 price target on the stock. Four analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $675.60.
Shares of Google (NASDAQ:GOOG) traded up 0.64% on Monday, hitting $582.885. The stock had a trading volume of 1,309,222 shares. Google has a 52-week low of $502.80 and a 52-week high of $604.83. The stock has a 50-day moving average of $563.4 and a 200-day moving average of $548.4. The company has a market cap of $393.2 billion and a P/E ratio of 30.35.
In other Google news, CFO Patrick Pichette unloaded 2,888 shares of Google stock on the open market in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $588.64, for a total value of $1,699,992.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Google Inc (NASDAQ:GOOG) is a global technology company.
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