Costco Wholesale Given New $103.00 Price Target at Jefferies Group (COST)
Equities researchers at Jefferies Group reduced their price objective on shares of Costco Wholesale (NYSE:COST) from $109.00 to $103.00 in a research report issued on Thursday, American Banking News.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential downside of 10.98% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim raised their price target on shares of Costco Wholesale from $98.00 to $105.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Costco Wholesale from $113.00 to $114.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Costco Wholesale from $120.00 to $121.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Costco Wholesale presently has a consensus rating of “Buy” and an average target price of $117.23.
Shares of Costco Wholesale (NYSE:COST) traded up 0.97% on Thursday, hitting $115.70. The stock had a trading volume of 2,388,285 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 $114.8 and its 200-day moving average is $112.2. The company has a market cap of $50.524 billion and a price-to-earnings ratio of 24.79.
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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