Published On: Sat, Sep 10th, 2016

Grupo Supervielle SA -ADR (SUPV) Trading 0.1% Higher

Grupo Supervielle SA -ADR (NASDAQ:SUPV)’s share price traded up 0.1% during trading on Friday . The stock traded as high as $14.48 and last traded at $14.40, with a volume of 70,277 shares trading hands. The stock had previously closed at $14.38.
Several equities analysts have recently issued reports on SUPV shares. Zacks Investment Research downgraded shares of Grupo Supervielle SA -ADR from a “hold” rating to a “sell” rating in a research note on Thursday, September 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $16.00 price target on shares of Grupo Supervielle SA -ADR in a research note on Monday, June 13th. Raymond James Financial Inc. started coverage on shares of Grupo Supervielle SA -ADR in a research note on Tuesday, July 19th. They set an “outperform” rating and a $17.00 price target for the company. Finally, Bank of America Corp. started coverage on shares of Grupo Supervielle SA -ADR in a research note on Monday, June 13th. They set a “buy” rating for the company.

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The stock’s 50-day moving average is $13.58 and its 200-day moving average is $12.87. The firm has a market capitalization of $5.24 billion and a PE ratio of 39.89.
About Grupo Supervielle SA -ADR
Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.

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