Reaffirmed: Sports Direct International PLC (LON:SPD) Buy Rating Maintained by Analysts at Jefferies International; GBX 800.00 Target in Place

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Sports Direct International PLC (LON:SPD) Rating Reaffirmed

Recently, In a very recent research note issued on 11 December, Sports Direct International PLC (LON:SPD) shares have had their Buy Rating has restated by stock research analysts at Jefferies International, who currently has a GBX 800.00 target price on company. This target by Jefferies International suggests the possibile upside of 33.67% from the previous stock close.

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 43.64% above today’s (GBX 592.5) 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.

The stock closed the day at GBX 592.5 during the previous session. It is down 11.30% since May 14, 2015 and is downtrending. It has underperformed by 9.37% the S&P500.

Reaffirmed: Sports Direct International PLC (LON:SPD) Buy Rating Maintained by Analysts at Jefferies International; GBX 800.00 Target in Place

Sports Direct International Plc is a United Kingdom holding company. The company has a market cap of 3.98 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 15.19 P/E ratio. It operates through three business divisions: Sports Retail, Premium Lifestyle and Brands.

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