Vipshop Holdings Limited (VIPS) : The consensus on Vipshop Holdings Limited (VIPS) based on 7 analyst recommendation on the company stock is 1.57, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Vipshop Holdings Limited (VIPS) : The highest short term price target forecast on Vipshop Holdings Limited (VIPS) is $22 and the lowest target price is $12. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $19.38 with a standard deviation of $3.72.
Also, JP Morgan assumes its view on Vipshop Holdings Limited (NYSE:VIPS) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on August 31, 2016.
Vipshop Holdings Limited (NYSE:VIPS): After opening at $13.61, the stock dipped to an intraday low of $13.4989 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.26 and the buying power remained strong till the end. The stock closed at $14.22 for the day, a gain of 5.49% for the day session. The total traded volume was 8,335,244. The stocks close on the previous trading day was $13.48.
Vipshop Holdings Limited is a holding company. The Company, through its wholly owned subsidiaries, operates as an online discount retailer for brands in China. The Company offers a range of apparel, fashion goods, cosmetics, home goods and lifestyle products from domestic and international brands. The Companys product categories include womenswear, menswear, footwear, accessories, handbags, children, sportswear and sporting goods, cosmetics, home goods and other lifestyle products, luxury goods, and gifts and miscellaneous. The Company offers branded products to consumers through flash sales model on its vip.com Website. The Company has launched channels on its Website, which include Vipshop Beauty, Vipshop Home, Vipshop Baby and Global Sale. The Company also offers a range of products and services through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.