Sports Direct International Rating Increased to Add at Numis Securities Ltd (SPD)
Sports Direct International (LON:SPD) was upgraded by Numis Securities Ltd from a “hold” rating to an “add” rating in a research note issued on Wednesday, Stock Ratings Network reports. The firm currently has a GBX 800 ($12.51) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 11.81% from the stock’s previous close.
Sports Direct International (LON:SPD) opened at 718.50 on Wednesday. Sports Direct International has a 52-week low of GBX 325.00 and a 52-week high of GBX 731.50. The stock has a 50-day moving average of GBX 664.7 and a 200-day moving average of GBX 531.4. The company’s market cap is £4.300 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Sports Direct International (LON:SPD) in a research note to investors on Wednesday, September 4th. They now have a GBX 780 ($12.20) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Sports Direct International (LON:SPD) in a research note to investors on Tuesday, August 27th. They now have a GBX 725 ($11.34) price target on the stock. Finally, analysts at Seymour Pierce raised their price target on shares of Sports Direct International (LON:SPD) from GBX 480 ($7.50) to GBX 680 ($10.63) in a research note to investors on Wednesday, August 14th. They now have a “hold” rating on the stock.
Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Sports Direct International presently has a consensus rating of “Buy” and an average price target of GBX 675 ($10.55).
Sports Direct International plc, along with its subsidiaries, is engaged in retailing of sports and leisure clothing, footwear and equipment; wholesale distribution and sale of sports and leisure clothing, footwear and equipment under its owned or licensed brands, and licensing of the Company brands.
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