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Analysts at RBC Capital lifted their price target on shares of L Brands (NYSE:LB) from $64.00 to $68.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price points to a potential upside of 6.72% from the company’s current price.

Shares of L Brands (NYSE:LB) opened at 63.72 on Friday. L Brands has a 52-week low of $50.78 and a 52-week high of $67.12. The stock has a 50-day moving average of $59.93 and a 200-day moving average of $57.25. The company has a market cap of $18.603 billion and a price-to-earnings ratio of 20.33.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.01. The company had revenue of $2.68 billion for the quarter. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts predict that L Brands will post $3.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders 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 2.13%. The ex-dividend date is Wednesday, August 20th.

Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of L Brands in a research note on Friday, August 8th. They now have a $59.00 price target on the stock, up previously from $55.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of L Brands in a research note on Tuesday, July 22nd. They now have a $60.00 price target on the stock. Finally, analysts at Oppenheimer upgraded shares of L Brands from an “underperform” rating to a “market perform” rating in a research note on Monday, June 9th. They now have a $56.00 price target on the stock, up previously from $46.00. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $61.00.

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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