Grupo Supervielle SA -ADR (SUPV) Reaches New 1-Year High at $14.25
Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) hit 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 changing hands. The stock had previously closed at $14.06.
A number of analysts recently weighed in on SUPV shares. Bank of America Corp. started coverage on shares of Grupo Supervielle SA -ADR in a report on Monday, June 13th. They issued a “buy” rating for the company. Raymond James Financial Inc. started coverage on shares of Grupo Supervielle SA -ADR in a report on Tuesday, July 19th. They issued an “outperform” rating and a $17.00 price target for the company. Morgan Stanley reissued an “overweight” rating and issued a $16.00 price target on shares of Grupo Supervielle SA -ADR in a report on Monday, June 13th. Finally, Zacks Investment Research lowered shares of Grupo Supervielle SA -ADR from a “hold” rating to a “sell” rating in a report on Thursday.
The firm has a market cap of $5.09 billion and a PE ratio of 38.78. The stock’s 50-day moving average price is $13.43 and its 200 day moving average price is $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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