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GREECE
Jun 11, 2014 18:12:14 GMT -5
maxi likes this
Post by birthmark on Jun 11, 2014 18:12:14 GMT -5
I'm planning on buying some as well Maxie when it hits 3.50.
GL
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Post by maxi on Jun 13, 2014 15:30:21 GMT -5
So about those analysts. JPM says NBG is a SELL with a price target of....99 dollars? Okay I get it ( NOT) linkNational Bank of Greece Receives New Coverage from Analysts at JPMorgan Chase & Co. (NBG) Posted by Scott Davis on Jun 13th, 2014 // No Comments Share on StockTwits National Bank of Greece (ADR) logoEquities researchers at JPMorgan Chase & Co. assumed coverage on shares of National Bank of Greece (NYSE:NBG) in a research report issued on Wednesday. The firm set a “ sell” rating and a $99.00 price target on the stock. NBG has been the subject of a number of other recent research reports. Analysts at Barclays initiated coverage on shares of National Bank of Greece in a research note on Wednesday. They set an “equal weight” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of National Bank of Greece in a research note on Wednesday. They set an “outperform” rating on the stock. Finally, analysts at Deutsche Bank upgraded shares of National Bank of Greece from a “hold” rating to a “buy” rating in a research note on Thursday, June 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. National Bank of Greece has a consensus rating of “Hold” and an average price target of $99.00. Shares of National Bank of Greece (NYSE:NBG) opened at 3.83 on Wednesday. National Bank of Greece has a 52-week low of $2.85 and a 52-week high of $6.48. The stock’s 50-day moving average is $3.62 and its 200-day moving average is $4.86. The company has a market cap of $9.178 billion and a P/E ratio of 5.36.
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GREECE
Jun 13, 2014 16:01:25 GMT -5
maxi likes this
Post by novie08 on Jun 13, 2014 16:01:25 GMT -5
Not sure how one "holds" a stock trading at 3.78 (today's close)that has a "sell" rating expecting a 26 TIMES increase! That's a perfect illustration of why these analysts are useless except as contrarians...did they mean $.99???
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Post by maxi on Jun 14, 2014 13:56:37 GMT -5
Hi – If you haven't had a chance to read FINRA’s Guide to Understanding Analysts’ Recommendations FINRA, I would definitely recommend that you check it out. FINRA’s guide provides some great information about how to read analysts’ ratings systems and how analysts’ recommendations should and should not factor into your investment decisions. Here are some highlights from the guide: - Ratings tend to be inflated. Brokerage firms and investment research firms rarely ever issue “sell” and “underperform” ratings. "Buy" ratings are really "hold" ratings and "hold" ratings are really "sell" ratings. - Companies use very different ratings systems. One firm’s “buy” rating may be its top rating; however, another firm might have one or two ratings above its “buy rating.” - Not all ratings companies' recommendations carry equal weight in the eyes of the market. Some equities research firms, like Goldman Sachs and Merrill Lynch, have much more influence on the movement of stock prices than smaller, boutique firms. - Firms may not be acting in your best interest. Brokerages and research houses offer ratings primarily for the benefit of large, institutional investors, not for retail investors. Firms may also have conflicts of interest relating to the companies that they rate. For example, a firm that is underwriting an IPO is very unlikely to have anything negative to say about the stock once it comes out. Analysts’ ratings from ARN Daily Premium, along with other important information, can be very valuable when choosing stocks to invest in, but you have to read ratings with discernment to make winning investment decisions. Have a great trading day! Matthew Paulson Analysts’ Ratings Network
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