Goldman Sachs Group (GS) Receives a Buy from Citigroup
In a report released today, Keith Horowitz from Citigroup maintained a Buy rating on Goldman Sachs Group (GS), with a price target of $285.00. The company’s shares closed last Tuesday at $200.44.
According to TipRanks.com, Horowitz is a 4-star analyst with an average return of 4.8% and a 65.8% success rate. Horowitz covers the Financial sector, focusing on stocks such as American Express, Morgan Stanley, and Wells Fargo.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Goldman Sachs Group with a $241.44 average price target, a 21.1% upside from current levels. In a report issued on July 29, Credit Suisse also maintained a Buy rating on the stock with a $255.00 price target.
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The company has a one-year high of $250.46 and a one-year low of $130.85. Currently, Goldman Sachs Group has an average volume of 3.54M.
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Goldman Sachs Group, Inc. engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients. The Global Markets segment serves its clients who buy and sell financial products, funding and manage risk. The Asset Management segment provides investment services to help clients preserve and grow their financial assets. The Consumer & Wealth Management segment helps clients to achieve their individual financial goals by providing a wealth advisory and banking services. The company was founded by Marcus Goldman in 1869 and is headquartered in New York, NY.