Price Target Update on Vipshop Holdings Limited (NYSE:VIPS)

Vipshop Holdings Limited (NYSE:VIPS) : 6 investment research analysts covering Vipshop Holdings Limited (NYSE:VIPS) have an average price target of $13.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $18 and the lowest target is $11 for the short term. Analysts expect the variance to be within $2.5 of the average price.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm JP Morgan downgrades its rating on Vipshop Holdings Limited (NYSE:VIPS). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The Analysts at JP Morgan lowers the price target from $15 per share to $11 per share. The rating by the firm was issued on May 18, 2016.

Vipshop Holdings Limited (NYSE:VIPS): stock turned positive on Thursday. Though the stock opened at $11.4, the bulls momentum made the stock top out at $11.45 level for the day. The stock recorded a low of $11.31 and closed the trading day at $11.38, in the green by 0.26%. The total traded volume for the day was 5,133,498. The stock had closed at $11.35 in the previous days trading.

The company shares have dropped -49.87% from its 1 Year high price. On Jul 10, 2015, the shares registered one year high at $23.56 and the one year low was seen on May 23, 2016. The 50-Day Moving Average price is $11.59 and the 200 Day Moving Average price is recorded at $12.96.

Vipshop Holdings Limited is a holding company. The Company, through its wholly owned subsidiaries, operates as an online discount retailer for brands in China. The Company offers a range of apparel, fashion goods, cosmetics, home goods and lifestyle products from domestic and international brands. The Companys product categories include womenswear, menswear, footwear, accessories, handbags, children, sportswear and sporting goods, cosmetics, home goods and other lifestyle products, luxury goods, and gifts and miscellaneous. The Company offers branded products to consumers through flash sales model on its Website. The Company has launched channels on its Website, which include Vipshop Beauty, Vipshop Home, Vipshop Baby and Global Sale. The Company also offers a range of products and services through, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.

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