Downgrade Alert for Gap Inc (GPS)
Gap Inc (NYSE:GPS) was downgraded from Buy to Hold at Standpoint Research today. The stock closed yesterday at $25.13 on volume of 10.5 million shares, above average daily volume of 6.0 million.
In the past 52 weeks, Gap Inc share prices have been bracketed by a low of $17.00 and a high of $40.64 and closed yesterday at $25.13, 48% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.3%.
The Gap, Inc., is an international specialty retailer operating retail and outlet stores. The Company sells casual apparel, accessories and personal care products for men, women, and children. The Gap operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan.
Gap Inc (NYSE:GPS) has potential upside of 9.8% based on a current price of $25.13 and analysts' consensus price target of $27.60. The stock should find initial resistance at its 50-day moving average (MA) of $26.88 and further resistance at its 200-day MA of $27.98.
SmarTrend recommended that subscribers consider buying shares of Gap Inc on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.69. Since that recommendation, shares of Gap Inc have risen 17.6%. We continue to monitor GPS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades gap inc