Sports Direct International Plc Given Buy Rating at Liberum Capital (SPD)
Sports Direct International Plc (LON:SPD)‘s stock had its “buy” rating reiterated by analysts at Liberum Capital in a research report issued to clients and investors on Friday. They currently have a GBX 950 ($15.94) price objective on the stock. Liberum Capital’s price target would suggest a potential upside of 37.88% from the company’s current price.
Shares of Sports Direct International Plc (LON:SPD) traded up 1.02% during mid-day trading on Friday, hitting GBX 696.00. 1,004,306 shares of the company’s stock traded hands. Sports Direct International Plc has a one year low of GBX 627.00 and a one year high of GBX 924.50. The stock has a 50-day moving average of GBX 699.3 and a 200-day moving average of GBX 762.3. The company’s market cap is £4.124 billion.
A number of other analysts have also recently weighed in on SPD. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Sports Direct International Plc in a research note on Tuesday. They now have a GBX 950 ($15.94) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Sports Direct International Plc in a research note on Friday, August 1st. They now have a GBX 850 ($14.26) price target on the stock. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 884.09 ($14.83).
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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