Sports Direct International (LON:SPD): Goldman Sachs Maintains “Sell” Rating Today, Has a Target of GBX 260.00/Share

June 20, 2017 - By Clifton Ray

Sports Direct International (LON:SPD) Rating Reaffirmed

Goldman Sachs now has a GBX 260.00 PT on shares of Sports Direct International (LON:SPD). The PT indicates a potential downside of -12.72 % from the current price of Sports Direct International (LON:SPD). This rating was disclosed to clients in an analyst note on Tuesday morning.

Sports Direct International Plc (LON:SPD) Ratings Coverage

Among 16 analysts covering Sports Direct International PLC (LON:SPD), 4 have Buy rating, 4 Sell and 8 Hold. Therefore 25% are positive. Sports Direct International PLC has GBX 965 highest and GBX 200 lowest target. GBX 468’s average target is 58.59% above currents GBX 295.1 stock price. Sports Direct International PLC had 133 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Friday, June 24 by Peel Hunt. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, December 21 report. Numis Securities maintained Sports Direct International Plc (LON:SPD) rating on Tuesday, September 15. Numis Securities has “Buy” rating and GBX 950 target. The stock of Sports Direct International Plc (LON:SPD) earned “Buy” rating by Liberum Capital on Friday, September 23. The rating was maintained by Goldman Sachs with “Buy” on Tuesday, July 21. On Thursday, December 10 the stock rating was maintained by Morgan Stanley with “Equalwt/Cautious”. The firm has “Sell” rating by Goldman Sachs given on Wednesday, March 8. Peel Hunt maintained the stock with “Sell” rating in Thursday, December 10 report. The stock has “Outperform” rating by BNP Paribas on Wednesday, November 4. The stock of Sports Direct International Plc (LON:SPD) earned “Outperform” rating by RBC Capital Markets on Monday, September 14.

The stock decreased 1.60% or GBX 4.8 on June 20, reaching GBX 295.1. About 1.25 million shares traded. Sports Direct International Plc (LON:SPD) has 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

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 market cap of 1.61 billion GBP. The Company’s divisions include Sports Retail, Brands and Premium Lifestyle. It has a 7.88 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.

More notable recent Sports Direct International Plc (LON:SPD) news were published by: Reuters.com which released: “BRIEF-Sports Direct International PLC reports 5.5 pct stake in Performance …” on August 17, 2016, also Footwearnews.com with their article: “Is Sports Direct Getting Ready to Buy Finish Line?” published on April 19, 2017, 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) were released by: Blogs.Wsj.com and their article: “Sports Direct CFO steps down after currency swings result in revenue loss” published on October 13, 2016 as well as Theguardian.com‘s news article titled: “Sports Direct auditor under investigation over company’s family deal” with publication date: November 28, 2016.

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