Sports Direct International Plc (LON:SPD) Price Target Cut to GBX 154
Sports Direct International Plc (LON:SPD) had its price objective dropped by research analysts at Canaccord Genuity from GBX 160 ($2.08) to GBX 154 ($2.01) in a research note issued to investors on Tuesday. The firm presently has a “sell” rating on the stock. Canaccord Genuity’s price objective would suggest a potential downside of 57.35% from the stock’s previous close.
A number of other brokerages have also weighed in on SPD. Liberum Capital reaffirmed a “hold” rating and set a GBX 310 ($4.04) price objective on shares of Sports Direct International Plc in a report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) raised Sports Direct International Plc to a “neutral” rating and upped their price objective for the stock from GBX 260 ($3.39) to GBX 350 ($4.56) in a report on Monday. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 350 ($4.56) price objective on shares of Sports Direct International Plc in a report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Sports Direct International Plc currently has a consensus rating of “Hold” and an average price target of GBX 402.80 ($5.25).
Shares of Sports Direct International Plc (LON SPD) opened at 359.50 on Tuesday. Sports Direct International Plc has a 1-year low of GBX 251.20 and a 1-year high of GBX 364.70. The company has a 50-day moving average of GBX 296.78 and a 200-day moving average of GBX 297.42. The firm’s market cap is GBX 2.07 billion.
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Sports Direct International Plc Company Profile
Sports Direct International plc is a sporting goods retailer, and it operates a portfolio of sports, fitness, fashion and lifestyle fascias, and brands. The Company’s segments include Sports Retail, Brands and Premium Lifestyle. Its Sports Retail segment includes the results of the United Kingdom and international retail network of sports stores along with related Websites.
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