Sports Direct International (SPD) Price Target Increased to GBX 203 by Analysts at Canaccord Genuity

Sports Direct International (LON:SPD) had its price target lifted by Canaccord Genuity from GBX 154 ($2.07) to GBX 203 ($2.73) in a report published on Monday. Canaccord Genuity currently has a sell rating on the stock.

Several other research firms have also issued reports on SPD. Liberum Capital lowered shares of Sports Direct International to a hold rating and increased their target price for the stock from GBX 380 ($5.11) to GBX 400 ($5.38) in a research note on Wednesday, September 6th. Jefferies Group lowered shares of Sports Direct International to an underperform rating and increased their target price for the stock from GBX 265 ($3.57) to GBX 290 ($3.90) in a research note on Wednesday, December 13th. Finally, Peel Hunt reissued 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. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of Hold and an average target price of GBX 337.17 ($4.54).

Shares of Sports Direct International (LON SPD) opened at GBX 373.10 ($5.02) on Monday. 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 (LON:SPD) last posted its earnings results on Thursday, December 14th. The company reported GBX 11.30 ($0.15) earnings per share (EPS) for the quarter. Sports Direct International had a net margin of 8.60% and a return on equity of 20.61%. The business had revenue of GBX 171.46 billion for the quarter.

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About Sports Direct International

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.

Analyst Recommendations for Sports Direct International (LON:SPD)

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