A statement released earlier today by Goldman Sachs Group Inc. about L Brands Inc (NYSE:LB) bumps the target price to $94.00
- Updated: September 17, 2016
Having a price of $77.76, L Brands Inc (NYSE:LB) traded 0.07% lower on the day. The last stock price is up 4.20% relative to the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. LB has been tracking to a 50-day average of $74.51 and two hundred day average of $75.03. Trading volume was was up over the average, with 2,880,720 shares of LB changing hands over the typical 1,945,000 shares.
Stating a possible upside of 0.21%, Goldman Sachs Group Inc. upped the target stock price of L Brands Inc (NYSE:LB) to $94
Previously on 8/19/2016, Telsey Advisory released a statement about L Brands Inc(NYSE:LB) upped the target price from $88.00 to $90.00. At the time, this suggested an upside of 0.16%.
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Also covering L Brands Inc’s stock price target, a total of 28 equity analysts have released a report on LB. The consensus target price is $70.43 with four analysts rating the stock a strong buy, seven analysts rating the company a buy, 22 firms rating the stock a hold, one analyst rating the company to underperform, and lastly 0 brokerages rating the company as sell.
L Brands Inc has a PE of 18 with a one-year low of $60.00 and a 52 week high of $101.11 and has a total market value of $0.0.
General Information About L Brands Inc (NYSE:LB)
L Brands, Inc. operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Victoria’s Secret segment includes PINK, which is the specialty retailer of women’s intimate and other apparel with collections, fragrances, supermodels and runway shows. Bath & Body Works segment is the specialty retailer of home fragrance and personal care products, including shower gels, lotions, soaps and sanitizers. Victoria’s Secret and Bath & Body Works International segment includes the Victoria’s Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada. The Company operates the retail brands, which include Victoria’s Secret, Bath & Body Works, and La Senza and Henri Bendel. Henri Bendel is an operator of over 30 specialty stores.
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