Vipshop Holdings Ltd – Hits New 1-Year High at $115.31 (VIPS)
Vipshop Holdings Ltd – (NASDAQ:VIPS) shares reached a new 52-week high on Thursday , Stock Ratings Network reports. The company traded as high as $115.31 and last traded at $115.00, with a volume of 826,517 shares. The stock had previously closed at $106.15.
A number of analysts have recently weighed in on VIPS shares. Analysts at Zacks upgraded shares of Vipshop Holdings Ltd – from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $109.30 price target on the stock. Separately, analysts at UBS AG downgraded shares of Vipshop Holdings Ltd – from a “buy” rating to a “neutral” rating in a research note on Thursday, January 30th. Finally, analysts at Bank of America initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Thursday, January 16th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $66.23.
The stock’s 50-day moving average is $96.34 and its 200-day moving average is $71.26. The company has a market cap of $6.376 billion and a P/E ratio of 180.83.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.