HSBC Trims Grab (NASDAQ:GRAB) Target Price to $4.75

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.

Several institutional investors and hedge funds have recently bought and sold shares of GRAB. Arena Capital Advisors LLC CA purchased a new position in shares of Grab in the 1st quarter worth about $35,000. Dimensional Fund Advisors LP purchased a new position in shares of Grab in the 1st quarter worth about $40,000. Intersect Capital LLC purchased a new position in shares of Grab in the 1st quarter worth about $41,000. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Grab in the 1st quarter valued at about $42,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Grab in the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 46.25% of the company’s stock.

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.

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