Target Stock Rating Reaffirmed by Piper Jaffray (TGT)

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Piper Jaffray reiterated their overweight rating on shares of Target (NYSE: TGT) in a research report released on Wednesday morning, AnalystRatingsNetwork reports. Piper Jaffray currently has a $80.00 price objective on the stock.

A number of other firms have also recently commented on TGT. Analysts at TheStreet reiterated a buy rating on shares of Target in a research note to investors on Wednesday, June 5th. Separately, analysts at Jefferies Group reiterated a hold rating on shares of Target in a research note to investors on Tuesday, June 4th. They now have a $64.00 price target on the stock. Finally, analysts at JPMorgan Chase reiterated an overweight rating on shares of Target in a research note to investors on Monday, June 3rd. They now have a $74.00 price target on the stock.

Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Target presently has a consensus rating of Buy and an average price target of $73.94.

Shares of Target (NYSE: TGT) opened at 69.59 on Wednesday. Target has a one year low of $56.70 and a one year high of $72.77. The stock’s 50-day moving average is currently $70.. The company has a market cap of $44.656 billion and a P/E ratio of 16.35.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 10th. Investors of record on Wednesday, August 21st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Monday, August 19th. This is an increase from Target’s previous quarterly dividend of $0.36.

Target Corporation (NYSE: TGT) operates in three segments: U.

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