Sports Direct International Plc (SPD) Price Target Increased to GBX 400 by Analysts at Peel Hunt
Sports Direct International Plc (LON:SPD) had its target price upped by stock analysts at Peel Hunt from GBX 350 ($4.52) to GBX 400 ($5.17) in a report released on Wednesday. The brokerage currently has an “add” rating on the stock.
Other analysts have also issued reports about the company. Liberum Capital lowered Sports Direct International Plc to a “hold” rating and boosted their price objective for the company from GBX 380 ($4.91) to GBX 400 ($5.17) in a research note on Wednesday. Numis Securities Ltd reiterated a “hold” rating and set a GBX 380 ($4.91) price objective on shares of Sports Direct International Plc in a research note on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) upgraded Sports Direct International Plc to a “neutral” rating and boosted their price objective for the company from GBX 260 ($3.36) to GBX 350 ($4.52) in a research note on Monday, July 24th. Finally, Canaccord Genuity decreased their price objective on Sports Direct International Plc from GBX 160 ($2.07) to GBX 154 ($1.99) and set a “sell” rating on the stock in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 336.80 ($4.35).
Shares of Sports Direct International Plc (LON SPD) traded up 2.38% on Wednesday, hitting GBX 400.00. The company had a trading volume of 1,112,467 shares. The company has a 50 day moving average price of GBX 390.21 and a 200 day moving average price of GBX 322.37. Sports Direct International Plc has a 1-year low of GBX 260.60 and a 1-year high of GBX 424.40. The firm’s market capitalization is GBX 2.30 billion.
Sports Direct International Plc (LON:SPD) last released its quarterly earnings data on Thursday, July 20th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.05. Sports Direct International Plc had a net margin of 8.60% and a return on equity of 20.61%. On average, equities analysts forecast that Sports Direct International Plc will post $16.71 earnings per share for the current fiscal year.
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About Sports Direct International Plc
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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