Target Receives New Coverage from Analysts at Sterne Agee (TGT)
Equities researchers at Sterne Agee assumed coverage on shares of Target (NYSE:TGT) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on TGT. Analysts at Nomura initiated coverage on shares of Target in a research note on Wednesday, February 12th. They set a “neutral” rating and a $62.00 price target on the stock. Separately, analysts at Prime Executions initiated coverage on shares of Target in a research note on Tuesday, February 11th. They set a “neutral” rating and a $60.00 price target on the stock. Finally, analysts at Erste Group downgraded shares of Target to a “sell” rating in a research note on Friday, February 7th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $68.00.
Target (NYSE:TGT) opened at 56.24 on Monday. Target has a 52 week low of $54.66 and a 52 week high of $73.50. The stock has a 50-day moving average of $58.59 and a 200-day moving average of $63.1. The company has a market cap of $35.549 billion and a price-to-earnings ratio of 15.16.
Target Corporation sells a range of assortment of general merchandise and food in its stores. The Company’s general merchandise and CityTarget stores offer a food assortment on a smaller scale and its SuperTarget stores offer a line of food items comparable to traditional supermarkets.
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