Absa Group (OTCMKTS:AGRPY) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Absa Group Limited (OTCMKTS:AGRPY)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $26.47 and traded as high as $28.2873. Absa Group shares last traded at $28.2873, with a volume of 567 shares traded.

Analysts Set New Price Targets

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

Absa Group Trading Down 5.7%

The company’s fifty day moving average is $26.47 and its 200 day moving average is $22.89.

About Absa Group

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.