Deutsche Bank disclosed Goldman Sachs (NYSE:GS), bumping up its stock price target to $255.00 today
- Updated: November 30, 2016
In a report released on Wednesday November 30, 2016 Deutsche Bank increased the stock price target of Goldman Sachs (NYSE:GS) from $180.00 to $255.00 reporting a possible upside of 0.20%.
Just yesterday Goldman Sachs (NYSE:GS) traded 3.56% higher at $211.75. Goldman Sachs’s 50-day moving average is $188.13 and its two hundred day average is $166.75. With the last close up 31.51% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Volume of trade was up over the average, with 6,504,086 shares of GS changing hands over the typical 3,197,660
With a total market value of $0, Goldman Sachs has price-earnings ratio of 17.60 with a one year low of $138.20 and a one year high of $220.77 .
A total of 24 analysts have released a report on Goldman Sachs. Five firms rating the stock a strong buy, 10 firms rating the stock a buy, 10 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $187.63.
About 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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