Sports Direct International Receives “Add” Rating from Numis Securities Ltd (SPD)
Sports Direct International (LON:SPD)‘s stock had its “add” rating restated by Numis Securities Ltd in a research note issued on Friday, American Banking & Market News reports. They currently have a GBX 800 ($12.94) target price on the stock. Numis Securities Ltd’s price target points to a potential upside of 14.37% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. raised their price target on shares of Sports Direct International from GBX 780 ($12.62) to GBX 825 ($13.35) in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Sports Direct International in a research note to investors on Thursday, October 24th. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Sports Direct International in a research note to investors on Wednesday, October 23rd. They now have a GBX 765 ($12.38) price target on the stock. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 697.50 ($11.28).
Shares of Sports Direct International (LON:SPD) traded up 0.87% during mid-day trading on Friday, hitting GBX 699.50. 346,887 shares of the company’s stock traded hands. Sports Direct International has a one year low of GBX 356.80 and a one year high of GBX 732.50. The stock has a 50-day moving average of GBX 698.8 and a 200-day moving average of GBX 603.. The company’s market cap is £4.186 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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