A statement released earlier today by RBC Capital about Goldman Sachs (NYSE:GS) bumps the target price to $170.00
- Updated: October 19, 2016
RBC Capital bumped up the target of Goldman Sachs (NYSE:GS) to $170.00 indicating a possible downside of -0.02%.
Having a price of $172.63, Goldman Sachs (NYSE:GS) traded 2.15% higher on the day. With the last stock price up 7.86% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. GS has recorded a 50-day average of $167.16 and a two hundred day average of $160.04. Trade Volume was up over the average, with 4,482,486 shares of GS changing hands over the typical 2,572,520
Recent Performance Chart
Goldman Sachs has PE ratio of 16.36 with a one year low of $138.20 and a one year high of $199.90 and has a market capitalization of $0.
A total of 24 brokerages have issued a ratings update on Goldman Sachs. Five brokerages rating the company a strong buy, ten brokerages rating the company a buy, ten brokerages rating the company a hold, two brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $187.63.
General Company Details For Goldman Sachs (NYSE:GS)
The Goldman Sachs Group, Inc. is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company's Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management. The Company's Institutional Client Services segment makes markets and facilitates client transactions in fixed income, equity, currency and commodity products. The Company's investing and lending activities include its investing and relationship lending activities across various asset classes, primarily debt securities and loans, public and private equity securities, and real estate. The Company's investment management segment provides investment and wealth advisory services.
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