Short Term Price Target on Gap (The) (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.

Shares of The Gap, Inc. rose by 1.39% in the last five trading days and 18.75% for the last 4 weeks. The Gap, Inc. has dropped 27.4% during the last 3-month period . Year-to-Date the stock performance stands at -12.6%. Also, Wolfe Research upgrades its view on Gap (The) (NYSE:GPS) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Peer Perform. The rating by the firm was issued on June 17, 2016.

Gap (The) (NYSE:GPS) has an average broker rating of 3.3, which is interpreted as a Hold, as rated by 23 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 13 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 6 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Gap (The) (NYSE:GPS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.09 and $20.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.22, notching a gain of 1.05% for the day. The total traded volume was 5,681,733 . The stock had closed at $21.00 on the previous day.

In an insider trading activity, Owen Andi, officer (Global Pres., Banana Republic) of Gap Inc, unloaded 11,381 shares at an average price of $30.19 on March 21, 2016. The total amount of the transaction was worth $343,592, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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