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JPMorgan upgraded Vipshop (NYSE:VIPS) from Neutral to Overweight in a report released today.

JPMorgan has upgraded Vipshop (NYSE:VIPS) from Neutral to Overweight in a report released on 5/16/2017.

Yesterday Vipshop (NYSE:VIPS) traded -0.87% lower at $14.78. The company’s 50-day moving average is $13.69 and its 200-day moving average is $12.63. The last stock close price is up 16.99% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 10,041,725 shares of the stock were exchanged, up from an average trading volume of 4,978,940

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Vipshop (NYSE:VIPS)

Vipshop has a 52 week low of $10.21 and a 52 week high of $17.41 with a P/E ratio of 30.22 The company’s market cap is currently $0.

In addition to JPMorgan reporting its target price, a total of 21 firms have reported on the stock. The consensus target price is $17.18 with 7 firms rating the stock a strong buy, 9 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Vipshop (NYSE:VIPS)

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company's segment is sales, product distribution and offering of goods on its online platforms. The Company conducts its business through its subsidiaries and consolidated affiliated entities in China. Through its flash sales model, the Company sells limited quantities of discounted branded products online for limited periods of time. The Company offers diversified product offerings from over 17,000 domestic and international brands, including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products. The Company offers a range of products and services for consumers through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.

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