Bank of America lowered shares of Grupo Supervielle (NYSE:SUPV) from a neutral rating to an underperform rating in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. The firm currently has $2.00 price objective on the stock, down from their prior price objective of $9.00.
Several other research firms have also recently issued reports on SUPV. ValuEngine cut shares of Grupo Supervielle from a sell rating to a strong sell rating in a research note on Monday, August 12th. Morgan Stanley cut shares of Grupo Supervielle from an overweight rating to an underweight rating in a research note on Monday, August 12th. Zacks Investment Research upgraded shares of Grupo Supervielle from a strong sell rating to a hold rating in a research note on Friday, July 26th. Finally, Scotiabank initiated coverage on shares of Grupo Supervielle in a research note on Wednesday, August 7th. They issued an underperform rating on the stock. Six investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The stock has an average rating of Sell and a consensus target price of $9.80.
NYSE SUPV opened at $2.91 on Thursday. Grupo Supervielle has a 1 year low of $2.25 and a 1 year high of $11.62. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $278.60 million, a PE ratio of 3.78 and a beta of 0.53. The company’s 50 day simple moving average is $4.09 and its two-hundred day simple moving average is $6.04.
About Grupo Supervielle
Grupo Supervielle SA, a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments. It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.
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