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A statement released earlier today by Zacks Investment Research about Web.com Group Inc (NYSE:WEB) ups the target price to $20.00

Yesterday Web.com Group Inc (NYSE:WEB) traded -0.60% lower at $17.29. The company’s 50-day moving average is $17.60 and its 200-day moving average is $18.12. The last closing price is down -3.77% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 101,410 shares of the stock were exchanged, down from an average trading volume of 309,080

Web.com Group Inc (NYSE:WEB) had its target price raised to $20.00 by Zacks Investment Research in a report released 10/6/2016. The new target price indicates a possible upside of 0.16% based on the company's last closing price.

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Web.com Group Inc (NYSE:WEB)

Web.com Group Inc has a 52 week low of $15.71 and a 52 week high of $25.00 with a P/E ratio of 10.83 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 12 brokers have issued a report on the stock. The consensus target price is $25.83 with 2 brokers rating the stock a strong buy, 7 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Web.com Group Inc (NYSE:WEB)

Web.com Group, Inc. provides a range of Internet services to small businesses. The Company operates through Web services and products segment. The Company offers subscription-based solutions including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions. The Company offers Domain Name Registration and Services, Do-It-For-Me Web Solutions, Do-It-Yourself Web Solutions and Online Marketing Services. The Company offers online advertising opportunities for companies focused on small businesses to be featured on its Websites. The Company offers directory listings, which is an online search directory that gives businesses online exposure. The Company also offers a range of domain name services, including domain name registration, transfers, renewals, expiration protection and privacy services.

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