Morgan Stanley Maintains Sports Direct International (LON:SPD) As a “Equalwt/Cautious”; They Now Have a Target Of GBX 680

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Sports Direct International (LON:SPD) Rating Reaffirmed

In an analyst note issued on Thursday morning, The “Equalwt/Cautious” rating of Sports Direct International (LON:SPD) shares was has reaffirmed by Analysts at Morgan Stanley, who now has a GBX 680 target price per share on the stock. Morgan Stanley’s target price per share may imply a possible upside of 17.24% from the last stock price of the company.

From a total of 10 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 828 with a 46.74% above today’s (GBX 579.98) stock price. Sports Direct International PLC was the topic of 58 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 7 with “Sector Perform” rating. Haitong Securities maintained shares with “Buy” rating and GBX 850 target share price in a report from a November 27. Goldman Sachs maintained SPD stock in a recent report from December 3 with “Buy” rating. BNP Paribas maintained the rating on November 17. BNP Paribas has a “Outperform” rating and a GBX 920 price target on shares. Finally, Liberum Capital maintained the stock with “Buy” rating in a report issued on a November 30.

Approximately 2.65 million shares of stock traded hands or 166.62% up from the average. Sports Direct International Plc (LON:SPD) has declined 0.52% since May 13, 2015 and is downtrending. It has outperformed by 1.41% the S&P500.

Morgan Stanley Maintains Sports Direct International (LON:SPD) As a

Sports Direct International Plc is a United Kingdom holding company. The company has a market cap of 3.51 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 14.87 P/E ratio. It operates through three business divisions: Sports Retail, Premium Lifestyle and Brands.

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