Goldman Sachs Group Inc (GS)

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Morgan Stanley Boosts The Goldman Sachs Group (NYSE:GS) Price Target to $291.00
By: MarketBeat | December 21, 2020

The Goldman Sachs Group (NYSE:GS) had its target price hoisted by stock analysts at Morgan Stanley from $273.00 to $291.00 in a research note issued to investors on Monday, The Fly reports. The firm currently has an "underweight" rating on the investment management company's stock. Morgan Stanley's price target points to a potential upside of 12.78% from the company's previous close.

A number of other research analysts have also commented on GS. Wells Fargo & Company restated a "buy" rating on shares of The Goldman Sachs Group in a research report on Monday. Zacks Investment Research upgraded shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating and set a $265.00 target price for the company in a research report on Tuesday, December 1st. Credit Suisse Group upped their target price on shares of The Goldman Sachs Group from $262.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, December 11th. Barclays upped their target price on shares of The Goldman Sachs Group from $253.00 to $270.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 15th. Finally, UBS Group upgraded shares of The Goldman Sachs Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $220.00 to $245.00 in a research report on Wednesday, September 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. The Goldman Sachs Group currently has a consensus rating of "Buy" and a consensus target price of $258.48.

Shares of NYSE:GS traded up $15.90 during mid-day trading on Monday, reaching $258.03. The company had a trading volume of 94,194 shares, compared to its average volume of 3,613,785. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.63. The firm has a market cap of $88.78 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 1.12 and a beta of 1.48. The company's 50-day moving average price is $223.82 and its 200-day moving average price is $208.84. The Goldman Sachs Group has a one year low of $130.85 and a one year high of $250.46.

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