Absa Group (OTCMKTS:AGRPY) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Absa Group Limited (OTCMKTS:AGRPY)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-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 trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on shares of Absa Group in a research note on Thursday, November 13th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Absa Group Price Performance

The stock has a 50-day moving average price of $24.79 and a two-hundred day moving average price of $22.04.

Absa Group Company Profile

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.