Computershare (OTCMKTS:CMSQF) Stock Price Up 3% – Here’s What Happened

Computershare Limited (OTCMKTS:CMSQF) shares were up 3% during mid-day trading on Thursday . The stock traded as high as $21.50 and last traded at $21.4816. Approximately 5,028 shares changed hands during trading, a decline of 38% from the average daily volume of 8,105 shares. The stock had previously closed at $20.85.

Analysts Set New Price Targets

Several research firms have commented on CMSQF. The Goldman Sachs Group raised shares of Computershare from a “sell” rating to a “buy” rating in a research note on Thursday, November 13th. Citigroup raised Computershare to a “buy” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $39.50.

Computershare Stock Performance

The stock has a 50-day simple moving average of $22.72 and a 200-day simple moving average of $23.54.

About Computershare

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.