Gap Stocks Receive Average “Hold” Rating from Research Analysts
On Friday, Gap stock held its "hold" rating as Cantor Fitzgerald analysts reaffirmed its status.
The current target price for the apparel retailer's stock is $35.00 which is a shade below their earlier set target price of $36.00. The target price set by Cantor Fitzgerald indicates a likely 7.99% plus from the current stock price of the apparel retailer.
Apart from that, other Gap news includes acquisition of 5,029,850 shares by John J. Fisher a major shareholder in a transaction which dates August 28th, Friday.
The stock also received other research reports from analysts with Piper Jaffray lowering the price objective on Gap shares to $38.00 on $40.00 on August 4th. On May 23, in a report Stifel Nicolaus reaffirmed a "buy" rating for Gap and set a target price of $48.00 on the company's shares.
On the same Saturday, May 23 even Topeka Capital Markets reaffirmed a "buy" rating setting a $50.00 price objective on Gap shares
S&P Equity Research restated a "buy" rating and put an objective price of $38.00 price on the Gap shares on Monday, August 24th.
The company has got 'Sell' rating from three research analysts, 'Hold' rating from twenty-five and 'Buy' rating from seven. Gap got an average rating of "Hold" with a consensus target price of $35.73.
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