Gap (The) (GPS) has an average broker rating of 3.14, 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 14 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. 4 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) : 21 Wall Street analysts covering Gap (The) (GPS) believe that the average level the stock could reach for the short term is $23.57. The maximum price target given is $33 and the minimum target for short term is around $16, hence the standard deviation is calculated at $4.04.
Also, Citigroup maintains their rating on the shares of Gap (The) (NYSE:GPS). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $27 per share from $24 per share. The rating by the firm was issued on August 22, 2016.
Gap (The) (NYSE:GPS): After opening at $22.95, the stock dipped to an intraday low of $22.81 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.59 and the buying power remained strong till the end. The stock closed at $23.57 for the day, a gain of 2.26% for the day session. The total traded volume was 4,398,838. The stocks close on the previous trading day was $23.05.
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.