B.Riley FBR analyst Susan Anderson maintained a Buy rating on L Brands (NYSE: LB) today and set a price target of $49. The company’s shares closed yesterday at $35.22, close to its 52-week low of $30.70.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 4.8% and a 55.3% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.
Currently, the analyst consensus on L Brands is Hold and the average price target is $39.25, representing an 11.4% upside.
In a report issued on May 10, Oppenheimer also assigned a Buy rating to the stock with a $45 price target.
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L Brands’ market cap is currently $9.86B and has a P/E ratio of 10.24. The company has a Price to Book ratio of -13.10.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock.
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L Brands, Inc. engages in the retail business. It is focused on women’s intimate and other apparel, personal care and beauty categories. It operates its business through the following segments: Victorias Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International.
