Sports Direct International PT Raised to GBX 900 (SPD)
Stock analysts at Citigroup Inc. hoisted their target price on shares of Sports Direct International (LON:SPD) from GBX 815 ($13.66) to GBX 900 ($15.08) in a report issued on Thursday, AR Network reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price points to a potential upside of 15.83% from the stock’s previous close.
Shares of Sports Direct International (LON:SPD) traded up 0.13% on Thursday, hitting GBX 777.00. 761,175 shares of the company’s stock traded hands. Sports Direct International has a 52-week low of GBX 391.00 and a 52-week high of GBX 783.50. The stock has a 50-day moving average of GBX 718.0 and a 200-day moving average of GBX 702.4. The company’s market cap is £4.495 billion.
A number of other analysts have also recently weighed in on SPD. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Sports Direct International in a research note on Thursday. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Sports Direct International in a research note on Wednesday. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Sports Direct International in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Sports Direct International has a consensus rating of “Buy” and an average target price of GBX 691.25 ($11.58).
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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