A statement released earlier today by Deutsche Bank AG about Gap Inc (NYSE:GPS) raises the target price to $24.00
- Updated: October 6, 2016
Gap Inc (NYSE:GPS) had its stock price target increased to $24.00 by Deutsche Bank AG in a report issued 10/07/2016. The updated stock price target implies a possible upside of 0.05% based on the company's previous closing price.
Previously on 8/31/2016, Vetr Inc. reported on Gap Inc (NYSE:GPS) increased the target price from $0.00 to $27.90. At the time, this indicated a possible upside of 0.12%.
Just yesterday Gap Inc (NYSE:GPS) traded 12.40% higher at $22.78. Gap Inc’s 50-day moving average is $23.87 and its 200-day moving average is $23.07. The last closing price is down 10.98% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 5,196,399 shares of GPS traded hands, down from an average trading volume of 6,196,440
Recent Performance Chart
Gap Inc has 52 week low of $17.00 and a 52 week high of $30.49 with a PE ratio of 14.43 and has a market capitalization of $0.
In addition to Deutsche Bank AG reporting its stock price target, a total of 29 brokers have issued a research note on the company. The average stock price target is $19.66 with 1 broker rating the stock a strong buy, 1 broker rating the stock a buy, 23 brokers rating the stock a hold, 10 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On Gap Inc (NYSE:GPS)
The Gap, Inc. (Gap Inc.) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services. It also sells products that are designed and manufactured by branded third-parties, especially at its Intermix brands. The Company's segments include Gap Global, Old Navy Global, Banana Republic Global, Athleta and Intermix. Its omni-channel services, including order-in-store, reserve-in-store, find-in-store and ship-from-store are tailored across its portfolio of brands. Gap Inc. The Company has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China, Taiwan and Hong Kong.
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