Shares of Goldman Sachs Group, Inc. (GS) have been falling all day and continue to be under pressure again this afternoon despite the small rally in the Dow Jones Industrial Average earlier. Currently, the stock is down 1.19%, after breaking its 200 EMA/$159.41. The firm has traded above its 200 day since late October. Short term traders should watch the $156.14 level as the next important support area, then the $154.55. These levels is where GS could see a small bounce.
GS currently trades at a 1.77x on a price to sales basis. The equity has a trailing P/E of 12.05, a forward P/E of 8.42 and a P/E to Growth ratio of 0.79. The median Wall Street price target on the stock is $197.00 with a high target of $243.00.
Risk Our Money Not Yours | Get 50% Off Any Account
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply