Sports Direct International (SPD) Cut to “Underperform” at Jefferies Group
Sports Direct International (LON:SPD) was downgraded by research analysts at Jefferies Group to an “underperform” rating in a report issued on Wednesday. They presently have a GBX 290 ($3.90) target price on the stock, up from their prior target price of GBX 265 ($3.57). Jefferies Group’s target price would indicate a potential downside of 23.58% from the company’s current price.
A number of other equities analysts also recently commented on the stock. Peel Hunt reiterated an “add” rating and set a GBX 400 ($5.38) target price on shares of Sports Direct International in a research note on Tuesday, December 5th. Liberum Capital downgraded shares of Sports Direct International to a “hold” rating and boosted their target price for the stock from GBX 380 ($5.11) to GBX 400 ($5.38) in a research note on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Sports Direct International has a consensus rating of “Hold” and a consensus target price of GBX 329 ($4.43).
Sports Direct International (LON:SPD) opened at GBX 379.50 ($5.11) on Wednesday. Sports Direct International has a 12 month low of GBX 266.84 ($3.59) and a 12 month high of GBX 424.40 ($5.71).
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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