Computershare (OTCMKTS:CMSQF) Trading 1.3% Higher – Still a Buy?

Computershare Limited (OTCMKTS:CMSQF) shares shot up 1.3% during trading on Monday . The company traded as high as $24.98 and last traded at $24.01. 12,487 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 13,524 shares. The stock had previously closed at $23.70.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CMSQF shares. Citigroup raised Computershare to a “buy” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group raised shares of Computershare from a “sell” rating to a “buy” rating in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Computershare presently has a consensus rating of “Buy” and an average price target of $39.50.

Computershare Stock Performance

The firm has a 50 day moving average of $23.16 and a 200-day moving average of $24.27.

Computershare Company Profile

Computershare is a global financial services company specializing in share registry, transfer agency, and stakeholder communications services. It provides technology-driven solutions for issuing and managing equity, debt, and other financial instruments on behalf of public and private companies. The company’s offerings include investor services, employee equity plan administration, proxy solicitation, meeting services, and corporate governance support.

In addition to its core share registry business, Computershare operates a corporate trust division that administers debt securities, loan agency, and payment services for issuers, trustees, and bondholders.