RBC Capital Keeps Their Hold Rating on Goldman Sachs Group Inc (GS)


RBC Capital analyst Anke Reingen maintained a Hold rating on Goldman Sachs Group Inc (GS) today and set a price target of $220.00. The company’s shares closed last Monday at $200.40.

According to TipRanks.com, Reingen is ranked #1228 out of 5539 analysts.

Currently, the analyst consensus on Goldman Sachs Group Inc is a Hold with an average price target of $243.75, a 21.4% upside from current levels. In a report issued on October 2, Odeon Capital Group LLC also maintained a Hold rating on the stock.

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Based on Goldman Sachs Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $14.3 billion and net profit of $2.42 billion. In comparison, last year the company earned revenue of $12.51 billion and had a net profit of $2.52 billion.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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, Institutional Client Services, Investing and Lending, and Investment Management.

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