Piper Jaffray analyst Erinn Murphy maintained a Hold rating on L Brands (NYSE: LB) today and set a price target of $30. The company’s shares opened today at $32.92, close to its 52-week low of $30.70.
According to TipRanks.com, Murphy has 0 stars on 0-5 star ranking scale with an average return of -2.9% and a 49.5% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, elf Beauty Inc, and Crocs.
Currently, the analyst consensus on L Brands is Hold and the average price target is $39.88, representing a 21.1% upside.
In a report issued on May 10, Guggenheim also maintained a Hold rating on the stock.
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L Brands’ market cap is currently $9.53B and has a P/E ratio of 9.90. The company has a Price to Book ratio of -12.66.
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.
