Sports Direct International Plc Rating Reiterated by Numis Securities Ltd (SPD)
Sports Direct International Plc (LON:SPD)‘s stock had its “add” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued on Friday. They currently have a GBX 850 ($14.43) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 28.11% from the company’s current price.
A number of other analysts have also recently weighed in on SPD. Analysts at BNP Paribas cut their price target on shares of Sports Direct International Plc from GBX 1,000 ($16.98) to GBX 950 ($16.13) in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Sports Direct International Plc in a research note on Friday, July 18th. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Sports Direct International Plc in a research note on Friday, July 18th. They now have a GBX 1,000 ($16.98) price target on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 884.09 ($15.01).
Shares of Sports Direct International Plc (LON:SPD) traded down 0.67% on Friday, hitting GBX 663.50. 1,184,546 shares of the company’s stock traded hands. Sports Direct International Plc has a 1-year low of GBX 626.375 and a 1-year high of GBX 924.50. The stock’s 50-day moving average is GBX 722.9 and its 200-day moving average is GBX 765.4. The company’s market cap is £3.932 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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