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A statement released earlier today by Vetr Inc. about Gap Inc (NYSE:GPS) bumps the target price to $27.90

Showing a price of $26.97, Gap Inc (NYSE:GPS) traded 0.85% lower on the day. With the last close up 1.89% relative to the 200-day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. The company has recorded a 50-day moving average of $25.14 and 200-day moving average of $23.82. Trade volume was was down over the average, with 5,056,157 shares of GPS changing hands under the typical 6,772,000 shares.

Gap Inc (NYSE:GPS) had its target price increased to $28 by Vetr Inc. in an issued report issued 8/22/2016. The new target price implies a possible upside of 0.03% based on the bussiness’ previous stock close price.

Previously on 8/19/2016, Deutsche Bank reported on Gap Inc(NYSE:GPS) dropped the target price from $19.00 to $18.00. At the time, this indicated a possible downside of -0.30%.

See Chart Below:

Gap Inc (NYSE:GPS)

A total of 29 firms have released a report on the company. One firm rate the company a strong buy, one firm rate the company a buy, 23 analyts rate the company a hold, 10 analysts rate the company to underperform, and finally one brokeragerate the stock as sell with an average target stock price of $19.66

Gap Inc has a 52 week low of $17.00 and a one-year high of $32.80 with a PE ratio of 13 and has a market cap of $0.0.

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, and Taiwan and Hong Kong.

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