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Goldman Sachs (NYSE:GS) target price raised to $170.00, issued a report today by RBC Capital Markets

Goldman Sachs (NYSE:GS) had its price target upped to $170.00 by RBC Capital Markets in an issued report issued 10/19/2016. The upped price target implies a potential downside of -0.02% from the company's previous stock price.

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 (NYSE:GS)

Goldman Sachs has 52 week low of $138.20 and a 52 week high of $199.90 with a PE ratio of 16.36 and has a market capitalization of $0.

In addition to RBC Capital Markets reporting its stock price target, a total of 24 analysts have released a research note on GS. The one year target is $187.63 with five analysts rating the company a strong buy, ten analysts rating the company a buy, ten analysts rating the company a hold, two equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis 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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