General Motors Company (NYSE:GM) has been downgraded to Neutral in a statement by Goldman Sachs Group Inc. earlier today.
- Updated: October 6, 2016
Goldman Sachs Group Inc. has downgraded General Motors Company (NYSE:GM) to Neutral in a statement released on Thursday October 06, 2016.
On Tuesday October 04, 2016, Vetr Inc. released a statement on General Motors Company (NYSE:GM) upped the target price from $0.00 to $33.44 that suggested an upside of 0.04%.
Having a price of $32.65, General Motors Company (NYSE:GM) traded -0.46% lower on the day. With the last close up 5.42% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. GM has recorded a 50-day average of $31.71 and a two hundred day average of $30.86. Trade Volume was down over the average, with 8,608,002 shares of GM changing hands under the typical 13,250,400
Recent Performance Chart
General Motors Company has price-earnings ratio of 4.17 with a one year low of $26.69 and a one year high of $36.88 and has a total market value of $0.
A total of 17 analysts have released a research note on GM. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $38.41.
More About General Motors Company (NYSE:GM)
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The Company's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial. The GMNA segment offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC brands in North America. The Company offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall brands outside North America. In addition to the products it sells to its dealers for consumer retail sales, it also sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. GM Financial provides retail lending, both loan and lease, across the credit spectrum.
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