Goldman shares could climb to $200 - Barron's

19 July 2009 @ 04:17 pm EDT

Shares of Goldman Sachs Group Inc could rise to between $175 and $200 in the next year if the investment banking firm can continue to report quarterly profits of $4 to $5 a share, Barron's said, citing analyst predictions.


Goldman shares could climb to $200 - Barron's
Trading specialists work on the floor of the New York Stock Exchange trading shares of Goldman Sachs, in New York, April 14, 2009.
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Goldman shares closed at $156.84 on Friday, after having risen about 10 percent during the week.

Goldman in the first half of 2009 set aside about 49 percent of pretax profits to compensate its employees, but will likely set aside a lower percentage of profits for compensation in the second half of the year, the weekly newspaper said.

"Goldman's pay looks excessive, but there's still a lot now for shareholders," Barron's said. "That's probably good news for the stock."

(Reporting by Ransdell Pierson; Editing Bernard Orr)

Copyright 2009 Thomson Reuters. All rights reserved.

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