Gap (The) (GPS) has an average broker rating of 3.23, which is interpreted as a Hold, as rated by 22 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 3, which is also a Hold. 5 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) (GPS) has been rated by 19 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $33 and the lowest price target forecast is $16. The average forecast of all the analysts is $22.53 and the expected standard deviation is $3.98.
Company shares have received an average consensus rating of Hold for the current week Gap (The) (NYSE:GPS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.68 and $24.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.98, notching a gain of 3.95% for the day. The total traded volume was 6,866,621 . The stock had closed at $24.03 on the previous day.
In a related news, The officer (Global Pres., Banana Republic), of Gap Inc, Owen Andi had unloaded 11,381 shares at $30.19 per share in a transaction on March 21, 2016. The total value of transaction was $343,592. The Insider information was revealed by 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.