L Brands Inc (NYSE:LB) Rating Reaffirmed
Cantor Fitzgerald now has a $99.00 Estimated Target Price on the $28.02 billion market cap company or 1.15% upside potential. In an analyst note sent to investors and clients on 4 December, L Brands Inc (NYSE:LB) shares have had their Hold Rating reconfirmed by research analysts at Cantor Fitzgerald.
From a total of 30 analysts covering L Brands (NYSE:LB) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 24 a ”Hold”. This means that 37% of the ratings are positive. The highest target price is $118 while the lowest target price is $84. The mean of all analyst targets is $101.3 with a 0.80% above today’s ($98.38) stock price. L Brands was the topic of 42 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on November 20 with “Outperform” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and $97 target share price in a report from a November 4. Oppenheimer maintained LB stock in a recent report from November 13 with “Perform” rating. Mizuho maintained the rating on November 4. Mizuho has a “Buy” rating and a $110 price target on shares. Finally, Topeka Capital Markets maintained the stock with “Buy” rating in a report issued on a November 4.
Approximately 296,524 shares of stock traded hands. L Brands Inc (NYSE:LB) has risen 4.58% since May 1, 2015 and is uptrending. It has outperformed by 7.36% the S&P500.
L Brands, Inc. operates specialty retail business. The company has a market cap of $28.02 billion. The Firm is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories. It has 25.52 P/E ratio. It operates in three divisions: Victoria’s Secret, which includes Victoria’s Secret PINK, which is the specialty retailer of women’s intimate and other apparel with fashion-inspired collections, prestige fragrances, celebrated supermodels and world-famous runway shows; Bath & Body Works, which is the specialty retailer of home fragrance and personal care products, including shower gels, lotions, soaps and sanitizers, and Victoria’s Secret and Bath & Body Works International, which includes the Victoria’s Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada.
According to Zacks Investment Research, “L Brands, Inc. operates as a retailer of women’s intimate and other apparel, beauty and personal care products and accessories primarily in the United States. Its brand includes Victoria’s Secret, Victoria’s Secret Pink, Bath & Body Works, La Senza and Henri Bendel. The company sells its product through franchise, license, wholesale partners, websites, catalogue, and other channels. L Brands Inc., formerly known as Limited Brands Inc., is headquartered in Columbus, Ohio.” Get a free copy of the Zacks research report on L Brands Inc (LB).