Price Target Update on Staples (NASDAQ:SPLS)

Staples (NASDAQ:SPLS) : Average target price received by Staples (NASDAQ:SPLS) is $10.81 with an expected standard deviation of $4.19. The most aggressive target on the stock is $21, whereas the most downbeat target is $8. 8 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Bank of America upgrades its rating on Staples (NASDAQ:SPLS). Analysts at the Bank of America have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on May 23, 2016.

Staples (NASDAQ:SPLS): stock turned positive on Thursday. Though the stock opened at $8.78, the bulls momentum made the stock top out at $8.95 level for the day. The stock recorded a low of $8.75 and closed the trading day at $8.95, in the green by 2.99%. The total traded volume for the day was 4,748,664. The stock had closed at $8.69 in the previous days trading.

The company shares have dropped -45.10% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $16.06 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $8.84 and the 200 Day Moving Average price is recorded at $9.53. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President, NAC) of Staples Inc, Goodman Shira, had purchased 5,100 shares in a transaction dated on December 15, 2015. The transaction was executed at $9.69 per share with total amount equaling $49,419.

Staples, Inc. is a provider of products and services that serve the needs of business customers and consumers. The Company offers a selection of products, such as Websites and mobile platforms, retail and online shopping and a range of copy and print and technology services. It operates in three business segments: North American Stores & Online, North American Commercial and International Operations. The North American Stores & Online segment includes its retail stores and businesses in the United States and Canada. The North American Commercial segment consists of the United States and Canadian businesses that sell and deliver products and services directly to businesses, including Staples Advantage and The International Operations segment consists of businesses in around 23 countries in Europe, Australia, South America and Asia. It serves businesses in North America, Europe, Australia, South America and Asia. Its delivery business offers online order placing.

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