Goldman Sachs Group Inc Receives a Hold from RBC Capital

By Jason Carr

RBC Capital analyst Gerard Cassidy reiterated a Hold rating on Goldman Sachs Group Inc (NYSE: GS) on June 22 and set a price target of $240. The company’s shares closed yesterday at $217.19.

According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 27.6% and a 80.7% success rate. Cassidy covers the Financial sector, focusing on stocks such as Provident Financial Services, Discover Financial Services, and Huntington Bancshares Inc.

Goldman Sachs Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $238.27.

Goldman Sachs Group Inc’s market cap is currently $85.74B and has a P/E ratio of 11.53. The company has a book value ratio of 1.1325.

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Goldman Sachs Group, Inc. engages in global investment banking, securities, and investment management, which provides a range of financial services to corporations, financial institutions, governments, and individuals. It operates through the following business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment focuses on the provision of financial advisory services public and private sector clients around the world. The Institutional Client Services segment facilitates clients regarding buy and sell financial products, raise funding and manage risk. The Investing & Lending segment includes the company’s investing and relationship lending activities across various asset classes. The Investment Management segment deals with the provision of investment and wealth advisory services. The company was founded by Marcus Goldman in 1869 and is headquartered in New York, NY.,002615-E