Absa Group (OTCMKTS:AGRPY) Shares Gap Up – Still a Buy?

Shares of Absa Group Limited (OTCMKTS:AGRPY) gapped up before the market opened on Wednesday . The stock had previously closed at $28.76, but opened at $30.9375. Absa Group shares last traded at $30.9375, with a volume of 308 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Absa Group to a “hold” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Absa Group Stock Performance

The stock has a market cap of $12.52 billion and a P/E ratio of 0.94. The company’s 50 day moving average price is $28.87 and its 200-day moving average price is $29.34.

About Absa Group

Absa Group Limited is a South African-based financial services conglomerate headquartered in Johannesburg. The company offers a broad range of banking and financial products and services, including personal and business banking, corporate and investment banking, credit cards, wealth management and insurance solutions. Through its integrated platform, Absa delivers digital and branch-based services aimed at meeting the diverse needs of individual consumers, small- to medium-sized enterprises and large corporate clients.

In its retail banking division, Absa provides everyday banking services such as transactional accounts, home and vehicle finance, personal loans and savings products.