S&P Equity Research cut shares of Google (NASDAQ:GOOG) from a buy rating to a market perform rating in a research report sent to investors on Monday morning, AnalystRatings.Net reports. The firm currently has $950.00 price target on the stock, up from their previous price target of $925.00.
Google (NASDAQ: GOOG) traded up 0.44% on Monday, hitting $907.775. Google has a 52-week low of $605.37 and a 52-week high of $928.00. The stock’s 50-day moving average is currently $890.6. The company has a market cap of $302.4 billion and a price-to-earnings ratio of 26.15.
GOOG has been the subject of a number of other recent research reports. Analysts at Argus cut their price target on shares of Google from $1,065.00 to $875.00 in a research note to investors on Monday. They now have a buy rating on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Google in a research note to investors on Saturday. They now have a $956.00 price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Google to $1,005.00 in a research note to investors on Friday, July 19th.
One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Google has an average rating of Buy and a consensus target price of $972.95.
Google Inc (NASDAQ: GOOG) is a global technology company focused on improving the ways people connect with information.