Citigroup slashes price target on PropertyGuru Group Ltd [PGRU] – find out why.

PropertyGuru Group Ltd [NYSE: PGRU] plunged by $0.0 during the normal trading session on while it closed the day at $6.55.

PropertyGuru Group Ltd stock has also gained 21.07% of its value over the past 7 days. However, PGRU stock has inclined by 54.85% in the 3 months of the year. Over the past six months meanwhile, it has gained 94.94% and gained 96.11% year-on date.

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The market cap for PGRU stock reached $1.07 billion, with 163.95 million shares outstanding and 27.14 million shares in the current float. Compared to the average trading volume of 132.90K shares, PGRU reached a trading volume of 6105122 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about PropertyGuru Group Ltd [PGRU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PGRU shares is $6.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PGRU stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for PropertyGuru Group Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 03, 2022. While these analysts kept the previous recommendation, JMP Securities raised their target price to Mkt Outperform. The new note on the price target was released on June 30, 2022, representing the official price target for PropertyGuru Group Ltd stock. Previously, the target price had yet another raise to $8.40, while HSBC Securities analysts kept a Buy rating on PGRU stock.

The Average True Range (ATR) for PropertyGuru Group Ltd is set at 0.32, with the Price to Sales ratio for PGRU stock in the period of the last 12 months amounting to 9.38. The Price to Book ratio for the last quarter was 2.41, with the Price to Cash per share for the same quarter was set at 1.36. Price to Free Cash Flow for PGRU in the course of the last twelve months was 43.20 with Quick ratio for the last quarter at 3.48.

PGRU stock trade performance evaluation

PropertyGuru Group Ltd [PGRU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.07. With this latest performance, PGRU shares gained by 7.03% in over the last four-week period, additionally plugging by 94.94% over the last 6 months – not to mention a rise of 55.95% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PGRU stock in for the last two-week period is set at 66.48, with the RSI for the last a single of trading hit 70.75, and the three-weeks RSI is set at 65.00 for PropertyGuru Group Ltd [PGRU]. The present Moving Average for the last 50 days of trading for this stock 5.67, while it was recorded at 6.23 for the last single week of trading, and 4.15 for the last 200 days.

PropertyGuru Group Ltd [PGRU]: An insightful look at the core fundamentals

PropertyGuru Group Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.48 and a Current Ratio set at 3.48.

Earnings per share (EPS) analysis for PropertyGuru Group Ltd [PGRU] stock

With the latest financial reports released by the company, PropertyGuru Group Ltd posted -0.03/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PGRU.

PropertyGuru Group Ltd [PGRU]: Institutional Ownership

The top three institutional holders of PGRU stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in PGRU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in PGRU stock with ownership which is approximately 5.1238%.

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