Gap Given Consensus Rating of “Hold” by Brokerages (NYSE:GPS)
Gap (NYSE:GPS) has received an average recommendation of “Hold” from the thirty-three ratings firms that are covering the company, StockRatingsNetwork.com reports. One research analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $42.79.
A number of analysts have recently weighed in on GPS shares. Analysts at Paradigm Capital cut their price target on shares of Gap from $3.75 to $3.50 in a research note on Friday, February 7th. Separately, analysts at Nomura reiterated a “buy” rating on shares of Gap in a research note on Friday, February 7th. They now have a $44.00 price target on the stock, up previously from $40.00. Finally, analysts at Sterne Agee raised their price target on shares of Gap from $44.00 to $48.00 in a research note on Friday, February 7th.
Gap (NYSE:GPS) traded up 1.09% during mid-day trading on Friday, hitting $42.80. 1,075,921 shares of the company’s stock traded hands. Gap has a one year low of $31.22 and a one year high of $46.56. The stock’s 50-day moving average is $39.16 and its 200-day moving average is $40.03. The company has a market cap of $19.216 billion and a price-to-earnings ratio of 15.10.
In other Gap news, EVP Sonia Syngal sold 5,375 shares of the stock on the open market in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $42.78, for a total value of $229,942.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
The Gap, Inc (NYSE:GPS) is a global specialty apparel company.
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