Guess (GES) receives an updated "Neutral" rating from UBS, with a raised price target from $13.00 to $16.75. This update follows previous ratings from Telsey Advisory Group and Small Cap Consumer Research. The average target price from 3 analysts is $16.33, with a high estimate of $23.00 and a low estimate of $13.00. The average brokerage recommendation is 2.7, indicating a "Hold" status.
UBS Group AG has revised its rating for Guess (GES) to "Neutral," raising the price target to $16.75. This update follows previous ratings from Telsey Advisory Group and Small Cap Consumer Research. The new rating reflects the company's recent performance and market conditions.
The average target price from three analysts is $16.33, with estimates ranging from $13.00 to $23.00. The average brokerage recommendation is 2.7, indicating a "Hold" status. UBS's revised rating suggests a cautious stance on the company's future performance, given the current market uncertainties and broader economic conditions.
Guess operates in the apparel retail sector, with a significant international presence in the Americas, Europe, and Asia. The company generates revenue through the design, marketing, and distribution of contemporary apparel and accessories. Despite recent challenges in the retail sector, Guess has shown resilience and growth, with a market capitalization of $693.90 million and a P/E ratio of 14.3x.
The updated rating from UBS reflects the company's recent strategic moves, including its decision to go private in a $1.4 billion deal with Authentic Brands. This transition signals a shift in strategy, potentially enhancing operational focus and profitability. However, the deal may impact stock liquidity and investor returns.
Investors should closely monitor Guess's performance and the broader market trends. The company's recent financial data shows a trailing twelve-month revenue of $3.05 billion, with a 0.5% profit margin and a return on equity of +4.1%. The company's cash/price ratio is +17.3%, indicating a strong financial position.
References:
[1] https://tickernerd.com/stock/ges-forecast/
[2] https://www.ainvest.com/news/chord-energy-ubs-raises-pt-122-maintains-buy-rating-2508/
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