Sports Direct International Receives “Buy” Rating from Prime Markets (SPD)
Sports Direct International (LON:SPD)‘s stock had its “buy” rating reaffirmed by Prime Markets in a research note issued on Wednesday, Analyst Ratings.Net reports. They currently have a GBX 800 ($13.41) target price on the stock. Prime Markets’ target price points to a potential upside of 11.73% from the company’s current price.
Shares of Sports Direct International (LON:SPD) opened at 762.25 on Wednesday. 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 713.3 and a 200-day moving average of GBX 700.. The company’s market cap is £4.409 billion.
A number of other firms have also recently commented on SPD. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Sports Direct International in a research note on Monday, February 3rd. They now have a GBX 850 ($14.25) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “reduce” rating on shares of Sports Direct International in a research note on Thursday, January 16th. They now have a GBX 650 ($10.89) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of Sports Direct International in a research note on Monday, January 13th. They now have a GBX 680 ($11.40) price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 714.50 ($11.97).
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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