Piper Jaffray upgraded Gap (NYSE:GPS) from Underweight to Neutral in a report released today.
- Updated: November 28, 2016
Piper Jaffray has upgraded Gap (NYSE:GPS) from Underweight to Neutral in a report released on 11/28/2016.
Previously on Monday November 28, 2016, Vetr Inc. released a statement about Gap (NYSE:GPS) increased the target price from $0.00 to $26.76. At the time, this indicated a possible upside of 0.05%.
Just yesterday Gap (NYSE:GPS) traded -2.33% lower at $25.57. Gap’s 50-day moving average is $27.00 and its 200-day moving average is $23.45. The last stock price is up 9.05% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 2,593,773 shares of GPS traded hands, down from an average trading volume of 6,106,350
Recent Performance Chart
Gap has 52 week low of $17.00 and a 52 week high of $30.74 with a PE ratio of 15.22 and has a market capitalization of $0.
In addition to Piper Jaffray reporting its stock price target, a total of 29 brokerages have issued a ratings update on the company. The average stock price target is $19.66 with 1 brokerage rating the stock a strong buy, 1 brokerage rating the stock a buy, 23 brokerages rating the stock a hold, 10 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On Gap (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, Taiwan and Hong Kong.
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