Jefferies Group Reaffirms “Buy” Rating for Sports Direct International Plc (SPD)
Sports Direct International Plc (LON:SPD)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,000 ($16.55) price objective on the stock. Jefferies Group’s target price suggests a potential upside of 39.37% from the stock’s previous close.
A number of other firms have also recently commented on SPD. Analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of Sports Direct International Plc in a research note on Wednesday, August 20th. They now have a GBX 800 ($13.24) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Sports Direct International Plc in a research note on Friday, August 15th. They now have a GBX 950 ($15.72) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Sports Direct International Plc in a research note on Tuesday, August 12th. They now have a GBX 950 ($15.72) price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Sports Direct International Plc currently has a consensus rating of “Buy” and an average target price of GBX 884.09 ($14.63).
Shares of Sports Direct International Plc (LON:SPD) opened at 726.00 on Tuesday. Sports Direct International Plc has a one year low of GBX 634.50 and a one year high of GBX 924.50. The stock has a 50-day moving average of GBX 695.3 and a 200-day moving average of GBX 764.4. The company’s market cap is £4.302 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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