Goldman Sachs Group (The) (GS) has risen sharply, recording gains of 4.51% in the past 4 weeks. However, the stock has corrected -0.16% in the past 1 week, providing a good buying opportunity on dips. Goldman Sachs Group (The) (GS) : Traders are bullish on Goldman Sachs Group (The) (GS) as it has outperformed the S&P 500 by a wide margin of 4.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.5%, relative to the S&P 500.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.83% and the fifty day Moving Average is 5.8%. The Goldman Sachs Group, Inc. is up 4.04% in the last three month period. Year-to-Date the stock performance stands at -7.13%.
Goldman Sachs Group (The) (GS) : The most positive equity analysts on Goldman Sachs Group (The) (GS) expects the shares to touch $222, whereas, the least positive believes that the stock will trade at $129 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $183.57 with an expected fluctuation of $28.41 from the mean.
Goldman Sachs Group (The) (NYSE:GS): stock turned positive on Friday. Though the stock opened at $166.76, the bulls momentum made the stock top out at $168.07 level for the day. The stock recorded a low of $165.36 and closed the trading day at $165.97, in the green by 0.04%. The total traded volume for the day was 2,402,214. The stock had closed at $165.9 in the previous days trading.
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.