Gap (The) (GPS) : The consensus price target for Gap (The) (GPS) is $23.5 for the short term with a standard deviation of $4.14. The most optimist securities analyst among the 20 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $16.
Gap (The) (GPS) : 3 brokerage houses believe that Gap (The) (GPS) is a Strong Buy at current levels. 14 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Gap (The) (GPS). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 4 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 22 Wall Street Analysts endorse the stock as a Hold with a rating of 3.14.
Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Gap (The) (NYSE:GPS). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $27 per share from a prior target of $24. The rating by the firm was issued on August 22, 2016.
Gap (The) (NYSE:GPS): The stock opened at $25.00 on Thursday but the bulls could not build on the opening and the stock topped out at $25.02 for the day. The stock traded down to $24.35 during the day, due to lack of any buying support eventually closed down at $24.55 with a loss of -1.29% for the day. The stock had closed at $24.87 on the previous day. The total traded volume was 7,000,463 shares.
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.