Sports Direct International’s “Hold” Rating Reaffirmed at N+1 Singer (SPD)
Sports Direct International (LON:SPD)‘s stock had its “hold” rating restated by equities research analysts at N+1 Singer in a research note issued to investors on Wednesday, AnalystRatings.Net reports. They currently have a GBX 675 ($10.55) target price on the stock. N+1 Singer’s price objective would suggest a potential downside of 5.66% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd upgraded shares of Sports Direct International (LON:SPD) from a “hold” rating to an “add” rating in a research note to investors on Wednesday. They now have a GBX 800 ($12.51) price target on the stock. Separately, 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. Finally, 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.
Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Sports Direct International currently has a consensus rating of “Buy” and a consensus price target of GBX 675 ($10.55).
Sports Direct International (LON:SPD) opened at 718.15 on Wednesday. Sports Direct International has a 1-year low of GBX 325.00 and a 1-year high of GBX 731.50. The stock’s 50-day moving average is GBX 664.7 and its 200-day moving average is GBX 531.4. The company’s market cap is £4.298 billion.
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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