Barclays Maintains a Hold Rating on Target (TGT)

By Jason Carr

In a report released yesterday, Matthew McClintock from Barclays maintained a Hold rating on Target (TGTResearch Report), with a price target of $85. The company’s shares closed yesterday at $69.03.

According to TipRanks.com, McClintock is a 4-star analyst with an average return of 5.6% and a 52.7% success rate. McClintock covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Party City Holdco, and Foot Locker Inc.

Target has an analyst consensus of Moderate Buy, with a price target consensus of $92.64, representing a 34.2% upside. In a report released yesterday, BMO Capital also reiterated a Hold rating on the stock with a $70 price target.

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Target’s market cap is currently $36.32B and has a P/E ratio of 12.07. The company has a Price to Book ratio of 3.25.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock.

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Target Corp. engages in owning and operating of general merchandise stores. It also operates SuperTarget stores with a line of food and general merchandise items and offers an assortment of general merchandise, including many items found in the company’s stores and a complementary assortment, such as extended sizes and colors, sold only online.