Sports Direct International Given Hold Rating at Cantor Fitzgerald (SPD)
Sports Direct International (LON:SPD)‘s stock had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald in a research report issued to clients and investors on Monday, Stock Ratings News reports. They currently have a GBX 680 ($11.21) price objective on the stock. Cantor Fitzgerald’s price objective would indicate a potential downside of 9.03% from the stock’s previous close.
Sports Direct International (LON:SPD) traded down 1.12% on Monday, hitting GBX 747.50. 835,044 shares of the company’s stock traded hands. Sports Direct International has a 1-year low of GBX 391.00 and a 1-year high of GBX 771.00. The stock has a 50-day moving average of GBX 730.0 and a 200-day moving average of GBX 682.6. The company’s market cap is £4.324 billion.
A number of other firms have also recently commented on SPD. Analysts at Liberum Capital reiterated a “buy” rating on shares of Sports Direct International in a research note to investors on Friday. They now have a GBX 850 ($14.01) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Sports Direct International in a research note to investors on Friday, December 13th. They now have a GBX 800 ($13.18) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Sports Direct International from GBX 825 ($13.60) to GBX 815 ($13.43) in a research note to investors on Friday, December 13th. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 705 ($11.62).
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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