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

Absa Group Limited (OTCMKTS:AGRPY)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $29.79 and traded as high as $33.1859. Absa Group shares last traded at $33.1859, with a volume of 400 shares changing hands.

Wall Street Analysts Forecast Growth

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

Absa Group Stock Up 3.0%

The stock’s 50 day simple moving average is $29.79 and its 200 day simple moving average is $24.81.

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.