In a report issued on May 4, Eoin Mullany from Berenberg Bank maintained a Hold rating on Goldman Sachs Group (GS – Research Report), with a price target of $360.00. The company’s shares closed last Friday at $312.96, close to its 52-week low of $302.21.
According to TipRanks.com, Mullany is a 1-star analyst with an average return of -2.4% and a 45.5% success rate. Mullany covers the Financial sector, focusing on stocks such as Deutsche Bank AG, UBS Group AG, and AIB Group.
Goldman Sachs Group has an analyst consensus of Moderate Buy, with a price target consensus of $419.42.
Based on Goldman Sachs Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $12.93 billion and net profit of $3.94 billion. In comparison, last year the company earned revenue of $17.7 billion and had a net profit of $6.84 billion.
Based on the recent corporate insider activity of 58 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.
Read More on GS:
- Robert W. Baird Maintains Their Hold Rating on Truist Financial (TFC)
- Robert W. Baird Thinks Wells Fargo’s Stock is Going to Recover
- Berenberg Bank Keeps a Hold Rating on Molson Coors (TAP)
- Jefferies Sticks to Their Hold Rating for J & J Snack Foods (JJSF)
- Jefferies Reaffirms Their Buy Rating on Vital Farms (VITL)