L Brands Given Consensus Recommendation of “Hold” by Analysts (NYSE:LTD)
Shares of L Brands (NYSE:LTD) have received an average rating of “Hold” from the seventeen brokerages that are currently covering the stock, Analyst Ratings News reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $61.55.
A number of research firms have recently commented on LTD. Analysts at Susquehanna raised their price target on shares of L Brands from $67.00 to $73.00 in a research note on Friday, August 8th. Separately, analysts at RBC Capital raised their price target on shares of L Brands from $62.00 to $64.00 in a research note on Friday, August 8th. Finally, analysts at Mizuho raised their price target on shares of L Brands from $57.00 to $61.00 in a research note on Friday, August 8th.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.09%.
L Brands, Inc operates in the specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories.
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