Bank of America Corp. Reiterates “Buy” Rating for Sports Direct International (SPD)
Sports Direct International (LON:SPD)‘s stock had its “buy” rating reaffirmed by investment analysts at Bank of America Corp. in a note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 850 ($13.62) price objective on the stock. Bank of America Corp.’s price target would indicate a potential upside of 22.48% from the stock’s previous close.
Shares of Sports Direct International (LON:SPD) traded down 1.07% on Monday, hitting GBX 694.00. The stock had a trading volume of 624,235 shares. Sports Direct International has a 52-week low of GBX 338.456 and a 52-week high of GBX 732.50. The stock has a 50-day moving average of GBX 676.6 and a 200-day moving average of GBX 545.9. The company’s market cap is £4.153 billion.
SPD has been the subject of a number of other recent research reports. Analysts at N+1 Singer reiterated a “hold” rating on shares of Sports Direct International (LON:SPD) in a research note to investors on Wednesday, September 11th. They now have a GBX 675 ($10.81) price target on the stock. Separately, 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, September 11th. They now have a GBX 800 ($12.81) price target on the stock. Finally, 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 ($12.49) price target on the stock.
Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 687.50 ($11.01).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.