Grupo Supervielle SA -ADR (SUPV) Hits New 52-Week High at $14.25
Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) reached a new 52-week high on Thursday . The company traded as high as $14.25 and last traded at $13.85, with a volume of 294,799 shares. The stock had previously closed at $14.06.
SUPV has been the topic of several analyst reports. Bank of America Corp. initiated coverage on shares of Grupo Supervielle SA -ADR in a research note on Monday, June 13th. They issued a “buy” rating on the stock. Raymond James Financial Inc. initiated coverage on shares of Grupo Supervielle SA -ADR in a research note on Tuesday, July 19th. They issued an “outperform” rating and a $17.00 price objective on the stock. Morgan Stanley reissued an “overweight” rating and issued a $16.00 price objective on shares of Grupo Supervielle SA -ADR in a research note on Monday, June 13th. Finally, Zacks Investment Research cut shares of Grupo Supervielle SA -ADR from a “hold” rating to a “sell” rating in a research note on Thursday.
The firm has a market cap of $5.04 billion and a P/E ratio of 38.47. The firm has a 50 day moving average of $13.42 and a 200 day moving average of $12.77.
Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.
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