A statement released earlier today by Vetr Inc. about L Brands Inc (NYSE:LB) bumps the target price to $73.68
- Updated: September 17, 2016
Displaying a price of $77.76, L Brands Inc (NYSE:LB) traded 0.07% lower on the day. With the last close up 4.20% relative to the 200-day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. LB has recorded a 50-day average of $74.51 and 200-day moving average of $75.03. 2,880,720 shares of L Brands Inc traded hands, up from ann average trading volume of 1,945,000
L Brands Inc (NYSE:LB) had its estimated target price raised to $74 by Vetr Inc. in a report issued 8/18/2016. The increased target price suggests a possible downside of -0.05% from the company’s most recent stock close price.
Previously on 8/19/2016, Telsey Advisory released a statement for L Brands Inc(NYSE:LB) raised the target price from $88.00 to $90.00. At the time, this suggested an upside of 0.16%.
Recent Performance Graphic:
A total of 28 firms have reported on L Brands Inc. Four firms rate the company a strong buy, seven firms rate the stock a buy, 22 firms rate the company a hold, one brokerage rate the company to underperform, and lastly 0 firmsrate the company as sell with a one year target of $70.43
L Brands Inc has a PE of 18 with a one-year low of $60.00 and a 52 week high of $101.11. The company’s market cap is presently $0.0.
General Company Details For 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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