Grab (NASDAQ:GRAB – Get Rating) had its target price cut by HSBC from $7.50 to $4.75 in a research report sent to investors on Monday morning, The Fly reports. They currently have a buy rating on the stock.
Several other analysts have also issued reports on GRAB. DBS Vickers lowered Grab from a buy rating to a hold rating and set a $5.60 target price on the stock. in a research note on Thursday, February 24th. CLSA initiated coverage on Grab in a research note on Monday, February 21st. They issued a sell rating and a $4.76 target price on the stock. The Goldman Sachs Group started coverage on Grab in a research note on Thursday, January 27th. They issued a buy rating and a $7.90 target price on the stock. Sanford C. Bernstein started coverage on Grab in a research report on Tuesday, April 19th. They issued a market perform rating for the company. Finally, Bank of America started coverage on Grab in a research report on Tuesday, March 15th. They issued a neutral rating and a $3.60 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Grab currently has a consensus rating of Hold and an average price target of $6.84.
Shares of GRAB opened at $2.32 on Monday. The company has a fifty day moving average price of $3.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 8.45 and a current ratio of 8.46. Grab has a 1 year low of $2.31 and a 1 year high of $13.29.
Grab Company Profile (Get Rating)
Grab Holdings Limited operates a transportation and fintech platform in Southeast Asia. It offers a range of services, including mobility, food, package and grocery delivery services, mobile payments, and financial services. The company was founded in 2012 and is based in Singapore.
- Get a free copy of the StockNews.com research report on Grab (GRAB)
- Is RBC Bearings Rolling Into A Reversal?
- Should Dollar General or Dollar Tree Give Investors a Case of FOMO?
- Genesco Pops On Earnings But Don’t Expect A Rally
- The Insiders Are Selling Movado Group, But You Shouldn’t
- Beware The Rebound In Retail Stocks
Receive News & Ratings for Grab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grab and related companies with MarketBeat.com's FREE daily email newsletter.