Rafferty Capital Markets upgraded Goldman Sachs Group Inc (NYSE:GS) to Buy in a report released today.
- Updated: October 17, 2016
Rafferty Capital Markets has upgraded Goldman Sachs Group Inc (NYSE:GS) to Buy in a report released on 10/17/2016.
Previously on Thursday September 29, 2016, Vetr Inc. reported about Goldman Sachs Group Inc (NYSE:GS) raised the target price from $0.00 to $179.28. At the time, this indicated a possible upside of 0.13%.
Yesterday Goldman Sachs Group Inc (NYSE:GS) traded -0.89% lower at $169.00. The company’s 50-day moving average is $167.00 and its 200-day moving average is $159.95. The last stock close price is up 5.66% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 3,061,380 shares of the stock were exchanged, up from an average trading volume of 2,576,280
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Goldman Sachs Group Inc has a 52 week low of $138.20 and a 52 week high of $199.90 with a P/E ratio of 16.02 The company’s market cap is currently $0.
In addition to Rafferty Capital Markets reporting its target price, a total of 24 firms have issued a report on the stock. The consensus target price is $187.63 with 5 firms rating the stock a strong buy, 10 brokerages rating the company a buy, ten brokerages rating the company a hold, two brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For Goldman Sachs Group Inc (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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