KeyBanc analyst Edward Yruma maintained a Buy rating on L Brands (LB) today and set a price target of $21.00. The company’s shares closed last Friday at $15.08.
According to TipRanks.com, Yruma is a 4-star analyst with an average return of 6.2% and a 56.3% success rate. Yruma covers the Consumer Goods sector, focusing on stocks such as Oxford Industries, Stitch Fix, and Tapestry.
Currently, the analyst consensus on L Brands is a Moderate Buy with an average price target of $15.55, a 7.2% upside from current levels. In a report issued on May 21, B.Riley FBR also reiterated a Buy rating on the stock with a $23.00 price target.
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The company has a one-year high of $28.02 and a one-year low of $8.00. Currently, L Brands has an average volume of 11.53M.
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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. Its brands include Victorias Secret, Bath and Body Works, Pink, La Senza, and Henri Bendel. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.
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