National Bank of Greece Receives Average Recommendation of “Hold” from Analysts (NYSE:NBG)
National Bank of Greece (NYSE:NBG) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, AnalystRatingsNetwork reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $99.00.
NBG has been the subject of a number of recent research reports. Analysts at Renaissance Capital upgraded shares of National Bank of Greece from a “sell” rating to a “buy” rating in a research note on Monday, July 7th. Separately, analysts at Goldman Sachs initiated coverage on shares of National Bank of Greece in a research note on Tuesday, July 1st. They set a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of National Bank of Greece in a research note on Wednesday, June 11th. They set a “sell” rating and a $99.00 price target on the stock.
National Bank of Greece (NYSE:NBG) traded down 3.62% during mid-day trading on Monday, hitting $3.325. The stock had a trading volume of 1,068,177 shares. National Bank of Greece has a 52 week low of $2.90 and a 52 week high of $6.48. The stock has a 50-day moving average of $3.70 and a 200-day moving average of $4.47. The company has a market cap of $7.968 billion and a price-to-earnings ratio of 4.84. National Bank of Greece also was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 8,652,386 shares, a decrease of 36.0% from the June 13th total of 13,510,336 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,604,587 shares, the short-interest ratio is presently 1.9 days.
National Bank of Greece SA (NYSE:NBG) is a Greece-based financial institution.
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