KBW Gives a Buy Rating to Goldman Sachs Group Inc

By Ryan Adsit

In a report released yesterday, Frederick Cannon from KBW reiterated a Buy rating on Goldman Sachs Group Inc (NYSE: GS), with a price target of $260. The company’s shares closed yesterday at $229.72.

According to TipRanks.com, Cannon is a 4-star analyst with an average return of 15.1% and a 65.9% success rate. Cannon covers the Financial sector, focusing on stocks such as Pacific Premier Bancorp Inc, Pinnacle Financial Partners, and Pacific Mercantile Bancorp.

Goldman Sachs Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $249.88.

Goldman Sachs Group Inc’s market cap is currently $89.7B and has a P/E ratio of 14.04. The company has a book value ratio of 1.1916.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. Most recently, in January 2017, James Dc Johnson, a Director at GS sold 11,600 shares for a total of $2,714,168.

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.

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.