What’s Next for Sports Direct International Plc After Today’s Huge Decline?

 What's Next for Sports Direct International Plc After Today's Huge Decline?

The stock of Sports Direct International Plc (LON:SPD) is a huge mover today! The stock decreased 0.30% or GBX 0.9 on November 24, hitting GBX 304.1. About 813,045 shares traded hands. Sports Direct International Plc (LON:SPD) has declined 25.18% since April 27, 2016 and is downtrending. It has underperformed by 30.59% the S&P500.
The move comes after 8 months negative chart setup for the GBX 1.80 billion company. It was reported on Nov, 24 by Barchart.com. We have GBX 288.90 PT which if reached, will make LON:SPD worth GBX 90.00 million less.

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. Sports Direct International PLC has been the topic of 120 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Peel Hunt maintained Sports Direct International Plc (LON:SPD) rating on Monday, October 10. Peel Hunt has “Buy” rating and GBX 380 price target. The rating was maintained by Numis Securities with “Hold” on Thursday, September 8. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 3. Numis Securities maintained the stock with “Hold” rating in Wednesday, January 27 report. The company was maintained on Friday, April 15 by Peel Hunt. Peel Hunt maintained Sports Direct International Plc (LON:SPD) on Thursday, July 14 with “Sell” rating. The company was maintained on Monday, September 21 by RBC Capital Markets. The rating was maintained by Jefferies on Friday, January 8 with “Buy”. The rating was maintained by Peel Hunt with “Sell” on Wednesday, April 13. Liberum Capital maintained the stock with “Buy” rating in Monday, November 2 report.

More important recent Sports Direct International Plc (LON:SPD) news were published by: Bloomberg.com which released: “Sports Direct Panned Over PR Firm Ownership After Ashley Gaffes” on September 22, 2016, also Fool.Co.Uk published article titled: “Should you buy Sports Direct International plc after today’s 11% fall?”, Bloomberg.com published: “Sports Direct’s Ashley Named CEO After His ‘Right Arm’ Quits” on September 23, 2016. More interesting news about Sports Direct International Plc (LON:SPD) was released by: Bloomberg.com and their article: “Sports Direct Slammed as Investors Snap Over Board Governance” with publication date: August 25, 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 1.80 billion GBP. The Company’s divisions include Sports Retail, Brands and Premium Lifestyle. It has a 6.71 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.

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