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Evercore ISI Thinks Goldman Sachs Group’s Stock is Going to Recover

In a report released yesterday, Glenn Schorr from Evercore ISI maintained a Buy rating on Goldman Sachs Group (GSResearch Report), with a price target of $410.00. The company’s shares closed last Monday at $321.89, close to its 52-week low of $317.72.

According to TipRanks.com, Schorr is a 4-star analyst with an average return of 6.7% and a 55.5% success rate. Schorr covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Apollo Global Management, and JPMorgan Chase & Co.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Goldman Sachs Group with a $451.71 average price target.

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The company has a one-year high of $426.16 and a one-year low of $317.72. Currently, Goldman Sachs Group has an average volume of 3.13M.

Based on the recent corporate insider activity of 54 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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