Price Target Update on Target Corporation (NYSE:TGT)

Target Corporation (NYSE:TGT) : The most positive equity analysts on Target Corporation (NYSE:TGT) expects the shares to touch $95, whereas, the least positive believes that the stock will trade at $65 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $79.24 with an expected fluctuation of $8.81 from the mean.

Other Equity analysts have also commented on the company shares. Goldman Sachs maintains their rating on the shares of Target Corporation (NYSE:TGT). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $75 per share from $85 per share. The rating by the firm was issued on May 20, 2016.

Target Corporation (NYSE:TGT): stock turned positive on Thursday. Though the stock opened at $69.37, the bulls momentum made the stock top out at $70.2 level for the day. The stock recorded a low of $69.29 and closed the trading day at $69.78, in the green by 1.34%. The total traded volume for the day was 7,511,109. The stock had closed at $68.86 in the previous days trading.

The company shares have dropped -18.51% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $85.31 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $70.67 and the 200 Day Moving Average price is recorded at $74.98. On the companys insider trading activities, Darden Calvin, director of Target Corp, unloaded 37,105 shares at an average price of $67.02 on May 19, 2016. The total amount of the transaction was worth $2,486,777, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Target Corporation is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. The Company offers its products through stores, online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its urban format stores, CityTarget and TargetExpress, offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold online. The Companys brands include Archer Farms, Simply Balanced, Boots & Barkley, Circo, Embark, Gilligan & OMalley, Market Pantry, Merona, Room Essentials, Smith & Hawken, Spritz and Sutton & Dodge.

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