Goldman Sachs Group (GS) Gets a Hold from RBC Capital

RBC Capital analyst Gerard Cassidy maintained a Hold rating on Goldman Sachs Group (GSResearch Report) yesterday and set a price target of $375.00. The company’s shares closed yesterday at $313.66.

According to TipRanks, Cassidy is a 5-star analyst with an average return of 15.1% and a 57.00% success rate. Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Regions Financial, and Goldman Sachs Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Goldman Sachs Group with a $404.14 average price target, implying a 28.85% upside from current levels. In a report released on June 20, Morgan Stanley also assigned a Hold rating to the stock with a $337.00 price target.

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Based on Goldman Sachs Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $12.22 billion and a net profit of $3.23 billion. In comparison, last year the company earned a revenue of $12.93 billion and had a net profit of $3.94 billion

Based on the recent corporate insider activity of 56 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.

Founded in 1869, Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm. The company provides a range of financial services to clients including corporations, financial institutions, governments and individuals. The company operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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