Bath & Body Works (BBWI) Received its Third Buy in a Row

After Goldman Sachs and Jefferies gave Bath & Body Works (NYSE: BBWI) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Simeon Siegel maintained a Buy rating on Bath & Body Works today and set a price target of $90.00. The company’s shares closed last Friday at $61.59.

According to TipRanks.com, Siegel is a 5-star analyst with an average return of 13.8% and a 62.1% success rate. Siegel covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Urban Outfitters, and Capri Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bath & Body Works with a $90.13 average price target, a 44.6% upside from current levels. In a report released today, Citigroup also maintained a Buy rating on the stock with a $93.00 price target.

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The company has a one-year high of $82.00 and a one-year low of $36.10. Currently, Bath & Body Works has an average volume of 2.64M.

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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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