L Brands (NYSE:LB) had its price objective cut by stock analysts at Deutsche Bank from $67.00 to $65.00 in a research report issued on Monday. The firm presently has a “buy” rating on the specialty retailer’s stock. Deutsche Bank’s price target indicates a potential upside of 34.91% from the stock’s current price.
Several other research firms also recently commented on LB. Nomura upped their price target on shares of L Brands from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Robert W. Baird restated a “hold” rating and issued a $60.00 price target on shares of L Brands in a research note on Friday, December 22nd. Wolfe Research upped their price target on shares of L Brands from $48.00 to $53.00 and gave the company a “peer perform” rating in a research note on Monday, February 12th. Piper Jaffray Companies set a $47.00 price target on shares of L Brands and gave the company a “hold” rating in a research note on Thursday, November 16th. Finally, Buckingham Research upped their price target on shares of L Brands from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, November 17th. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $52.41.
L Brands (NYSE LB) opened at $48.18 on Monday. The firm has a market cap of $13,600.00, a PE ratio of 14.69, a PEG ratio of 1.25 and a beta of 0.61. L Brands has a 1 year low of $35.00 and a 1 year high of $63.10. The company has a debt-to-equity ratio of -5.10, a current ratio of 1.45 and a quick ratio of 0.60.
WARNING: This piece of content was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3227093/l-brands-lb-price-target-cut-to-65-00.html.
About L Brands
L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.
Receive News & Ratings for L Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands and related companies with MarketBeat.com's FREE daily email newsletter.