Oppenheimer Maintains Goldman Sachs Group Inc to Outperform with Price Target $222.00

Brokerage firm Oppenheimer Maintains its rating on Goldman Sachs Group Inc(NYSE:GS). In a research note issued to the investors, the brokerage major Lowers the price-target to $222.00 per share. The shares have been rated Outperform. The rating by Oppenheimer was issued on Aug 3, 2016.

In a different note, On Jul 27, 2016, Oppenheimer said it Maintains its rating on Goldman Sachs Group Inc. In the research note, the firm Raises the price-target to $222.00 per share. The shares have been rated ‘Outperform’ by the firm. Berenberg said it Initiates Coverage on Goldman Sachs Group Inc, according to a research note issued on Jul 13, 2016. The shares have been rated ‘Hold’ by the firm.

Goldman Sachs Group Inc (GS) shares turned negative on Fridays trading session with the shares closing down -0.61 points or -0.37% at a volume of 14,40,839. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $163.37. The peak price level was also seen at $163.37 while the days lowest was $162.07. Finally the shares closed at $163.25. The 52-week high of the shares is $203.1 while the 52-week low is $138.2. According to the latest information available, the market cap of the company is $66,192 M.

Goldman Sachs Group Inc(GS) last announced its earnings results on Jul 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $7.93B. Analysts had an estimated revenue of $7.58B. Earnings per share were $3.72. Analysts had estimated an EPS of $3.02.

Several Insider Transactions has been reported to the SEC. On Apr 22, 2016, Sarah G Smith (Principal Accounting Officer) sold 2,664 shares at $162.00 per share price.Also, On Nov 25, 2015, Gary D Cohn (President and COO) sold 39,290 shares at $189.15 per share price.On Nov 25, 2015, Gregory K Palm (Executive VP – General Counsel) sold 31,103 shares at $189.15 per share price, according to the Form-4 filing with the securities and exchange commission.

The Goldman Sachs Group Inc. is a bank holding company and a financial holding company. The Company is a global investment banking securities and investment management company that provides a range of financial services to a diversified client base that include corporations financial institutions Governments and individuals. The Company has four business segments. The Investment Banking segment’s services include strategic advisory assignments and debt and equity underwriting of public offerings and private placements. Its Institutional Client Services segment makes markets and facilitates client transactions in fixed income equity currency and commodity products. Its investing and lending activities include the Company’s investing and relationship lending activities across various asset classes primarily debt securities and loans public and private equity securities and real estate. Its investment management segment provides investment and wealth advisory services.

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