Goldman Sachs Group (The) (GS) : Analyst Rating Update

Goldman Sachs Group (The) (GS) : Zacks Investment Research ranks Goldman Sachs Group (The) (GS) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.15, which indicates as a Buy.

Goldman Sachs Group (The) (GS) : 13 Wall Street analysts covering Goldman Sachs Group (The) (GS) believe that the average level the stock could reach for the short term is $188.54. The maximum price target given is $243 and the minimum target for short term is around $129, hence the standard deviation is calculated at $28.9.

Goldman Sachs Group (The) (NYSE:GS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $142.94 and $142.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $145.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $145.58, notching a gain of 0.78% for the day. The total traded volume was 2,941,759 . The stock had closed at $144.45 on the previous day.

The company shares have dropped -29.21% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $214.61 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $151.82 and the 200 Day Moving Average price is recorded at $156.76.

The Goldman Sachs Group, Inc. is a bank holding company and a financial holding company. The Company is a global investment banking, securities and investment management company that provides a range of financial services to a diversified client base that include corporations, financial institutions, Governments and individuals. The Company has four business segments. The Investment Banking segments services include strategic advisory assignments and debt and equity underwriting of public offerings and private placements. Its Institutional Client Services segment makes markets and facilitates client transactions in fixed income, equity, currency and commodity products. Its investing and lending activities include the Companys investing and relationship lending activities across various asset classes, primarily debt securities and loans, public and private equity securities, and real estate. Its investment management segment provides investment and wealth advisory services.

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