Groupon Stock Rating Lowered by Wells Fargo (GRPN)
Groupon traded up 5.69% on Thursday, hitting $5.39. Groupon has a 1-year low of $2.60 and a 1-year high of $19.21. The stock’s 50-day moving average is currently $5.37. The company’s market cap is $3.541 billion.
A number of other firms have also recently commented on GRPN. Analysts at Bank of America downgraded shares of Groupon from a neutral rating to an underperform rating in a research note to investors on Thursday. They now have a $4.20 price target on the stock, down previously from $5.35. Separately, analysts at Piper Jaffray upgraded shares of Groupon from a neutral rating to an overweight rating in a research note to investors on Thursday, February 21st. They now have a $8.00 price target on the stock, up previously from $5.50. Finally, analysts at Telsey Advisory Group set a $5.00 price target on shares of Groupon in a research note to investors on Wednesday, February 20th.
Three research analysts have rated the stock with a buy rating, fifteen have given a hold rating, one has issued an underweight rating, and four have issued a sell rating to the company’s stock. The company presently has a consensus rating of hold and a consensus price target of $5.20.
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