The Gap Inc (NYSE:GPS) Has Just Had Its TP Lowered by Researchers at Suntrust Robinson to $26.00

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Analysis: The Gap Inc (NYSE:GPS) Target Change Today

In a recent report issued to clients and investors by Suntrust Robinson on Friday morning, the firm, The Gap Inc (NYSE:GPS), had their target PPS cut to $26.00. Analusts right now have a solid Neutral rating on the stock.

From a total of 31 analysts covering The Gap Inc. (NYSE:GPS) stock, 4 rate it a ”Buy”, 9 a “Sell”, and 24 a ”Hold”. This means that 11% of the ratings are positive. The highest target price is $42 while the lowest target price is $20. The mean of all analyst targets is $27.23 with a 17.52% above today’s ($26.2) stock price. The Gap Inc. was the topic of 70 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Cantor Fitzgerald maintained shares on December 4 with “Hold” rating. FBR Capital maintained shares with “Mkt Perform” rating and $26 target share price in a report from a November 20. Wedbush maintained GPS stock in a recent report from November 20 with “Neutral” rating. Telsey Advisory Group maintained the rating on November 20. Telsey Advisory Group has a “Market Perform” rating and a $28 price target on shares. Finally, Mizuho maintained the stock with “Underperform” rating in a report issued on a November 20.

The stock increased 0.34% or $0.09 on December 4, striking $26.2. Approximately shares of stock traded hands. Gap Inc (NYSE:GPS) has declined 34.60% since May 4, 2015 and is downtrending. It has underperformed by 33.52% the S&P500.

The Gap, Inc. is an apparel retail company. The company has a market cap of $10.66 billion. The Firm offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta and Intermix brands. It has 10.73 P/E ratio. In addition to operating in the specialty, outlet, online and franchise channels, Gap Inc. is an apparel retailer in using omni-channel capabilities for digital world and physical stores.

According to Zacks Investment Research, “The Gap, Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. The company designs virtually all of its products, which in turn are manufactured by independent sources, and sells them under its brand names.” Get a free copy of the Zacks research report on Gap Inc (GPS).

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