21.08% to Target, Goldman Sachs Reiterates ‘Buy’ Rating on Sports Direct International (LON:SPD) Shares Today

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Sports Direct International (LON:SPD) Rating Reaffirmed

London: In a very recent research note disseminated on Thursday morning, Goldman Sachs kept steady their Buy rating on Sports Direct International (LON:SPD) shares. They now have a GBX 850.00 target price per share on the firm. Goldman Sachs’s target may suggest a potential upside of 21.08% from the company’s close price.

From a total of 11 analysts covering Sports Direct International PLC (LON:SPD) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is GBX 950 while the lowest target price is GBX 625. The mean of all analyst targets is GBX 839.55 with a 23.83% above today’s (GBX 698.25) stock price. Sports Direct International PLC was the topic of 55 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on December 1 with “Buy” rating. Cantor Fitzgerald maintained shares with “Hold” rating and GBX 760 target share price in a report from an October 7. Haitong Securities maintained SPD stock in a recent report from November 27 with “Buy” rating. Citigroup maintained the rating on September 10. Citigroup has a “Buy” rating and a GBX 900 price target on shares. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on an October 19.

The stock decreased 5.26% or GBX 38.75 on December 3, striking GBX 698.25. Approximately 2.48 million shares of stock traded hands or 152.87% up from the average. Sports Direct International Plc (LON:SPD) has risen 17.92% since May 6, 2015 and is uptrending. It has outperformed by 18.21% the S&P500.

21.08% to Target, Goldman Sachs Reiterates ‘Buy’ Rating on Sports Direct International (LON:SPD) Shares Today

Sports Direct International Plc is a United Kingdom holding company. The company has a market cap of 4.17 billion GBP. The Firm is a sports retailer engaged in retailing of sports and leisure clothing, footwear and equipment; wholesale distribution and sale of sports and leisure clothing, footwear and equipment under Company-owned or licensed brands, and licensing of its brands. It has 17.91 P/E ratio. It operates through three business divisions: Sports Retail, Premium Lifestyle and Brands.

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