Genesco (NYSE:GCO) was downgraded by investment analysts at Piper Jaffray to a “neutral” rating in a note issued to investors on Monday, AnalystRatingsNetwork.com reports.
Shares of Genesco (NYSE:GCO) opened at 74.91 on Monday. Genesco has a one year low of $50.33 and a one year high of $75.84. The stock has a 50-day moving average of $69.60 and a 200-day moving average of $68.51. The company has a market cap of $1.796 billion and a P/E ratio of 17.45.
GCO has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of Genesco from $78.00 to $85.00 in a research note to investors on Tuesday, November 26th. Separately, analysts at Avondale Partners downgraded shares of Genesco from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, November 4th. Finally, analysts at BB&T Corp. raised their price target on shares of Genesco from $72.00 to $75.00 in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $78.03.
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in six segments: Journeys Group, Underground Station Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands.
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