Price Target Update on Gap (The) (NYSE:GPS)

Gap (The) (NYSE:GPS) : Currently there are 20 street experts covering Gap (The) (NYSE:GPS) stock. The most bullish and bearish price target for the stock is $33 and $16 respectively for the short term. The average price target of all the analysts comes to $20.6. The estimated standard deviation from the target is $4.13.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Wolfe Research upgrades its ratings on Gap (The) (NYSE:GPS). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Peer Perform rating on the shares. The rating by the firm was issued on June 17, 2016.

Gap (The) (NYSE:GPS): stock turned positive on Thursday. Though the stock opened at $20.88, the bulls momentum made the stock top out at $21.07 level for the day. The stock recorded a low of $20.78 and closed the trading day at $20.93, in the green by 1.55%. The total traded volume for the day was 4,463,819. The stock had closed at $20.61 in the previous days trading.

The company shares have dropped -46.83% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $39.24 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $19.08 and the 200 Day Moving Average price is recorded at $24.11. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Global Pres., Banana Republic) of Gap Inc, Owen Andi had sold 11,381 shares worth of $343,592 in a transaction dated March 21, 2016. In this transaction, 11,381 shares were sold at $30.19 per share.

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.

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