Goldman Sachs Group Inc. upgraded Ralph Lauren Corp (NYSE:RL) to Conviction-Buy in a report released today.
- Updated: October 6, 2016
Goldman Sachs Group Inc. has upgraded Ralph Lauren Corp (NYSE:RL) to Conviction-Buy in a report released on 10/07/2016.
Just yesterday Ralph Lauren Corp (NYSE:RL) traded 2.40% higher at $101.41. Ralph Lauren Corp’s 50-day moving average is $102.37 and its 200-day moving average is $96.77. The last stock price is up 7.30% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 79,170 shares of RL traded hands, down from an average trading volume of 850,912
Recent Performance Chart
Ralph Lauren Corp has 52 week low of $82.15 and a 52 week high of $137.38 with a PE ratio of 28.38 and has a market capitalization of $0.
In addition to Goldman Sachs Group Inc. reporting its stock price target, a total of 20 brokerages have issued a ratings update on the company. The average stock price target is $100.90 with 3 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 12 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Ralph Lauren Corp (NYSE:RL)
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world. Retail business consists of sales made directly to consumers through retail channel, which includes Company's' retail stores, concession-based shop-within-shops and e-commerce operations around the world. Licensing business consists of royalty-based arrangements, under which the Company licenses to unrelated third parties for specified periods the right to operate retail stores and/or to use its various trademarks in connection with the manufacture and sale of designated products, such as certain apparel, eyewear, fragrances and home furnishings.
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