Gap (The) (GPS) : 3 brokerage houses believe that Gap (The) (GPS) is a Strong Buy at current levels. 14 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Gap (The) (GPS). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 4 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 22 Wall Street Analysts endorse the stock as a Hold with a rating of 3.14.
Gap (The) (GPS) : Average target price received by Gap (The) (GPS) is $23.57 with an expected standard deviation of $4.04. The most aggressive target on the stock is $33, whereas the most downbeat target is $16. 21 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Gap (The) (NYSE:GPS). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $24 per share to $27 per share. The rating by the firm was issued on August 22, 2016.
Gap (The) (NYSE:GPS): The stock opened at $23.24 and touched an intraday high of $23.91 on Wednesday. During the day, the stock corrected to an intraday low of $23.24, however, the bulls stepped in and pushed the price higher to close in the green at $23.79 with a gain of 1.54% for the day. The total traded volume for the day was 6,435,317. The stock had closed at $23.43 in the previous trading session.
The Gap, Inc. is an apparel retail company. The Company offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta and Intermix brands. In addition to operating in the specialty, outlet, online and franchise channels, Gap Inc. is an apparel retailer in using omni-channel capabilities for digital world and physical stores. Its omni-channel services include order-in-store, reserve-in-store, find-in-store and ship-from-store that are tailored across its portfolio of brands. Gap includes GapKids, babyGap, GapMaternity, GapBody and GapFit collections. It also offers handbags, shoes, jewelry, eyewear and personal care products, among others. It has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China and Hong Kong. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa.