L Brands (NYSE:LB) : 24 analysts are covering L Brands (NYSE:LB) and their average rating on the stock is 2.46, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. L Brands (NYSE:LB) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 15 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
L Brands (NYSE:LB) : 20 Wall Street analysts covering L Brands (NYSE:LB) believe that the average level the stock could reach for the short term is $70.1. The maximum price target given is $88 and the minimum target for short term is around $47, hence the standard deviation is calculated at $9.82.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on L Brands (NYSE:LB). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $75 per share to $64 per share. The rating by the firm was issued on May 20, 2016.
L Brands (NYSE:LB): stock turned positive on Tuesday. Though the stock opened at $64.33, the bulls momentum made the stock top out at $65.97 level for the day. The stock recorded a low of $64.3 and closed the trading day at $65.49, in the green by 0.35%. The total traded volume for the day was 2,322,959. The stock had closed at $65.26 in the previous days trading.
In an insider trading activity, Tessler Allan R, director of L Brands, Inc. had purchased 3,500 shares on June 24, 2016 in a transaction. The price per share was $67.92 and the total amount of the disclosed transaction was $237,720.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.