Staples (SPLS) Receives Price Target

Staples (SPLS) : The highest level Staples (SPLS) is projected to reach is $11 for the short term and the lowest estimate is at $8. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $9.25 and the possibility the share price can swing is $1.08.

Staples (SPLS) : Zacks Investment Research ranks Staples (SPLS) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.75, which indicates as a Hold.


Also, Brokerage firm Deutsche Bank maintains its rating on Staples (NASDAQ:SPLS). As per the latest information, the brokerage house lowers the price target to $8 per share from a prior target of $9. The shares have been rated Hold. The rating by the firm was issued on August 18, 2016.

Staples (NASDAQ:SPLS): The stock opened at $8.59 on Thursday but the bulls could not build on the opening and the stock topped out at $8.64 for the day. The stock traded down to $8.43 during the day, due to lack of any buying support eventually closed down at $8.51 with a loss of -0.58% for the day. The stock had closed at $8.56 on the previous day. The total traded volume was 4,773,661 shares.

Staples, Inc. is a provider of products and services that serve the needs of business customers and consumers. The Company offers a selection of products, such as Websites and mobile platforms, retail and online shopping and a range of copy and print and technology services. It operates in three business segments: North American Stores & Online, North American Commercial and International Operations. The North American Stores & Online segment includes its retail stores and businesses in the United States and Canada. The North American Commercial segment consists of the United States and Canadian businesses that sell and deliver products and services directly to businesses, including Staples Advantage and The International Operations segment consists of businesses in around 23 countries in Europe, Australia, South America and Asia. It serves businesses in North America, Europe, Australia, South America and Asia. Its delivery business offers online order placing.

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