Target Reaches New 52-Week High (TGT)

NEW YORK ( TheStreet) -- Target (NYSE: TGT) hit a new 52-week high Thursday as it is currently trading at $57, above its previous 52-week high of $56.92 with 323,273 shares traded as of 9:50 a.m. ET. Average volume has been 6.4 million shares over the past 30 days.

Target has a market cap of $34.08 billion and is part of the services sector and retail industry. Shares are up 10.6% year to date as of the close of trading on Wednesday.

Target Corporation operates general merchandise stores in the United States. The company has a P/E ratio of 12.8, above the average retail industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Target as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Target Ratings Report.

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