Deutsche Bank Increases Costco Wholesale Price Target to $121.00 (COST)
Investment analysts at Deutsche Bank lifted their price objective on shares of Costco Wholesale (NYSE:COST) from $120.00 to $121.00 in a note issued to investors on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 5.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of Costco Wholesale (NYSE:COST) from $110.00 to $120.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Costco Wholesale (NYSE:COST) from $101.00 to $109.00 in a research note to investors on Tuesday, August 6th. They now have a “hold” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Costco Wholesale (NYSE:COST) from $107.00 to $130.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $116.45.
Costco Wholesale (NYSE:COST) traded down 0.35% during mid-day trading on Thursday, hitting $114.42. The stock had a trading volume of 1,608,037 shares. Costco Wholesale has a 52-week low of $93.51 and a 52-week high of $120.20. The stock’s 50-day moving average is $114.7 and its 200-day moving average is $111.9. The company has a market cap of $49.965 billion and a P/E ratio of 24.84.
Costco Wholesale Corporation (NYSE:COST), with its subsidiaries operates membership warehouses that offer its members low prices on a limited selection of branded and selected private-label products in a range of merchandise categories.
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