Gap (The) with ticker code (GPS) now have 20 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 29.5 and 7 with the average target price sitting at 11.8. Given that the stocks previous close was at 8.72 this is indicating there is a potential upside of 35.3%. The 50 day moving average now sits at 10.81 while the 200 day moving average is 16.51. The market capitalisation for the company is $3,111m. You can visit the company’s website by visiting: https://www.gapinc.com
The potential market cap would be $4,210m based on the market concensus.
The Gap operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls. The company offers its products through company-operated stores, franchise stores, Websites, third-party arrangements, and catalogs. It has franchise agreements with unaffiliated franchisees to operate Old Navy, Gap, Athleta, and Banana Republic stores and websites in Asia, Europe, Latin America, the Middle East, and Africa. As of December 31, 2021, the company had 2,835 company-operated stores and 564 franchise stores. It also provides its products through e-commerce sites. The Gap was incorporated in 1969 and is headquartered in San Francisco, California.
