Business
Can the ANZ (ASX:ANZ) share price go even higher?
The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price has been a strong performer over the last six months.
During this time, the banking giant’s shares have rallied a whopping 57% higher.
Is it too late to buy ANZ shares?
According to a note out of Goldman Sachs, the ANZ share price could still be going a little higher from here.
This week the broker upgraded the bank’s shares to a buy rating with a $29.00 price target.
Including the $1.25 per share dividend that the broker expects the bank to pay in FY 2021, this implies a potential total return of 6.5% for ANZ’s shares.
What did Goldman say?
Goldman Sachs made the move for a number of reasons. This includes its balance sheet strength and its net interest…
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