Google Price Target Cut to $675.00 by Analysts at Nomura (GOOG)

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Nomura lowered their price target on shares of Google (NASDAQ:GOOG) from $700.00 to $675.00 in a research note issued on Wednesday, AmericanBankingNews.com reports. Nomura’s price objective suggests a potential upside of 26.62% from the company’s current price.

In other Google news, CEO Lawrence Page sold 33,332 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $537.07, for a total transaction of $17,901,617.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Google (NASDAQ:GOOG) opened at 533.09 on Wednesday. Google has a 1-year low of $502.80 and a 1-year high of $604.83. The stock has a 50-day moving average of $536.9 and a 200-day moving average of $536.9. The company has a market cap of $359.6 billion and a price-to-earnings ratio of 27.93.

Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Google in a research note on Sunday, April 20th. They now have a $625.00 price target on the stock.

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