A Reversal for Sports Direct International Plc Is Not Near. The Stock Rises Again

 A Reversal for Sports Direct International Plc Is Not Near. The Stock Rises Again

The stock of Sports Direct International Plc (LON:SPD) is a huge mover today! The stock decreased 3.35% or GBX 10.88 on November 8, hitting GBX 314.12. About 999,552 shares traded hands. Sports Direct International Plc (LON:SPD) has declined 14.41% since April 8, 2016 and is downtrending. It has underperformed by 16.36% the S&P500.
The move comes after 5 months positive chart setup for the GBX 1.97 billion company. It was reported on Nov, 8 by Barchart.com. We have GBX 439.77 PT which if reached, will make LON:SPD worth GBX 788.00 million more.

Sports Direct International Plc (LON:SPD) Ratings Coverage

Out of 16 analysts covering Sports Direct International PLC (LON:SPD), 5 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 31% are positive. GBX 965 is the highest target while GBX 200 is the lowest. The GBX 469.33 average target is 49.41% above today’s (GBX 314.12) stock price. Sports Direct International PLC has been the topic of 120 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Sports Direct International Plc (LON:SPD) earned “Buy” rating by Liberum Capital on Monday, November 23. The stock of Sports Direct International Plc (LON:SPD) has “Sell” rating given on Wednesday, March 23 by Peel Hunt. The stock of Sports Direct International Plc (LON:SPD) earned “Outperform” rating by RBC Capital Markets on Monday, August 17. The firm has “Hold” rating by Numis Securities given on Wednesday, January 27. BNP Paribas maintained it with “Outperform” rating and GBX 920 target price in Friday, October 16 report. On Thursday, December 10 the stock rating was maintained by Cantor Fitzgerald with “Hold”. The stock of Sports Direct International Plc (LON:SPD) earned “Buy” rating by Jefferies on Friday, January 8. On Tuesday, September 15 the stock rating was maintained by Numis Securities with “Buy”. The firm earned “Buy” rating on Monday, November 2 by Numis Securities. The rating was maintained by Goldman Sachs with “Buy” on Thursday, December 3.

More notable recent Sports Direct International Plc (LON:SPD) news were published by: Seekingalpha.com which released: “Spying allegation thrown at Sports Direct International” on November 08, 2016, also Fool.Co.Uk with their article: “Should you buy Sports Direct International plc after today’s 11% fall?” published on September 07, 2016, Bloomberg.com published: “Sports Direct Panned Over PR Firm Ownership After Ashley Gaffes” on September 22, 2016. More interesting news about Sports Direct International Plc (LON:SPD) were released by: Fool.Co.Uk and their article: “Retail showdown: Sports Direct International plc vs NEXT plc” published on September 19, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Sports Direct International PLC reports 5.5 pct stake in Performance…” with publication date: August 17, 2016.

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 has a market cap of 1.97 billion GBP. The Company’s divisions include Sports Retail, Brands and Premium Lifestyle. It has a 6.93 P/E ratio. The Company’s Sports Retail segment includes the results of the United Kingdom and international retail network of sports stores along with related Websites.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment