Absa Group (OTCMKTS:AGRPY) Stock Passes Above 50-Day Moving Average – Here’s Why

Absa Group Limited (OTCMKTS:AGRPYGet Free Report)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $24.79 and traded as high as $29.25. Absa Group shares last traded at $29.25, with a volume of 302 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on Absa Group in a research note on Thursday, November 13th. They set a “buy” rating for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Absa Group currently has an average rating of “Buy”.

Check Out Our Latest Report on Absa Group

Absa Group Stock Performance

The company has a 50-day simple moving average of $24.79 and a 200-day simple moving average of $22.05.

Absa Group Company Profile

(Get Free Report)

Absa Group Limited is a South African-based financial services conglomerate headquartered in Johannesburg. The company offers a broad range of banking and financial products and services, including personal and business banking, corporate and investment banking, credit cards, wealth management and insurance solutions. Through its integrated platform, Absa delivers digital and branch-based services aimed at meeting the diverse needs of individual consumers, small- to medium-sized enterprises and large corporate clients.

In its retail banking division, Absa provides everyday banking services such as transactional accounts, home and vehicle finance, personal loans and savings products.

Further Reading

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