L Brands (LB) : The consensus on L Brands (LB) based on 24 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 14 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on L Brands (LB).
L Brands (LB) stock is expected to deviate a maximum of $10.12 from the average target price of $69.45 for the short term period. 20 Street Experts have initiated coverage on the stock with the most promising target being $88 and the most muted being $47.
Company shares have received an average consensus rating of Hold for the current week
L Brands (NYSE:LB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.70 and $69.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.64, notching a gain of 1.77% for the day. The total traded volume was 1,883,256 . The stock had closed at $69.41 on the previous day.
L Brands, Inc. operates specialty retail business. The Company is a specialty retailer of womens intimate and other apparel, beauty and personal care products and accessories. It operates in three segments: Victorias Secret, which includes Victorias Secret PINK, which is the specialty retailer of womens intimate and other apparel with fashion-inspired collections, prestige fragrances, celebrated supermodels and world-famous runway shows; Bath & Body Works, which is the specialty retailer of home fragrance and personal care products, including shower gels, lotions, soaps and sanitizers, and Victorias Secret and Bath & Body Works International, which includes the Victorias Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada. It sells its merchandise through company-owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based, and through its Websites and other channels.