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Deutsche Bank began coverage on shares of Ozforex Group (ASX:OFX) in a research note issued on Wednesday. The firm set a “buy” rating and a $2.95 price target on the stock.

Ozforex Group (ASX:OFX) traded down 0.41% on Wednesday, hitting A$2.440. The stock had a trading volume of 1,181,550 shares. Ozforex Group has a one year low of A$2.220 and a one year high of A$3.500. The stock has a 50-day moving average of A$2.4 and a 200-day moving average of A$2.84. The company has a market cap of A$585.6 million and a P/E ratio of 36.03.

OzForex Group Limited (ASX:OFX) is a provider of online international payment services for consumer and business clients.

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