Computershare (OTCMKTS:CMSQF) Stock Price Up 3% – Here’s What Happened

Shares of Computershare Limited (OTCMKTS:CMSQF) shot up 3% on Thursday . The company traded as high as $21.50 and last traded at $21.4816. 5,028 shares traded hands during trading, a decline of 38% from the average session volume of 8,105 shares. The stock had previously closed at $20.85.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup raised shares of Computershare to a “buy” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group raised shares of Computershare from a “sell” rating to a “buy” rating in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $39.50.

Computershare Stock Performance

The business’s 50 day moving average price is $22.72 and its 200-day moving average price is $23.54.

Computershare Company Profile

Computershare is a global financial services company specializing in share registry, transfer agency, and stakeholder communications services. It provides technology-driven solutions for issuing and managing equity, debt, and other financial instruments on behalf of public and private companies. The company’s offerings include investor services, employee equity plan administration, proxy solicitation, meeting services, and corporate governance support.

In addition to its core share registry business, Computershare operates a corporate trust division that administers debt securities, loan agency, and payment services for issuers, trustees, and bondholders.