Noteworthy Rating Filing: Sports Direct International PLC (LON:SPD) Stock Sell Rating Reiterated at Goldman Sachs; The Price Objective is GBX 285.00

November 28, 2016 - By Louis Casey

Sports Direct International PLC (LON:SPD) Rating

Analysts at Goldman Sachs have GBX 285.00 target on Sports Direct International PLC (LON:SPD). Goldman Sachs’s target suggests a potential downside of -4.25% from the company’s last stock price. The rating was released in analysts report on Monday, 28 November.

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 471.67 average target is 59.89% above today’s (GBX 295) stock price. Sports Direct International PLC has been the topic of 121 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Sports Direct International Plc (LON:SPD) earned “Buy” rating by Numis Securities on Tuesday, September 15. The firm has “Hold” rating by Beaufort Securities given on Thursday, October 8. RBC Capital Markets maintained it with “Outperform” rating and GBX 850 target price in Monday, August 17 report. The stock of Sports Direct International Plc (LON:SPD) earned “Buy” rating by Cantor Fitzgerald on Tuesday, July 5. The stock of Sports Direct International Plc (LON:SPD) has “Buy” rating given on Tuesday, September 1 by Numis Securities. The stock has “Buy” rating given by Liberum Capital on Monday, October 12. On Thursday, October 13 the stock rating was maintained by Peel Hunt with “Buy”. As per Tuesday, November 24, the company rating was maintained by Haitong Securities. The company was maintained on Tuesday, February 2 by Cantor Fitzgerald. As per Friday, July 8, the company rating was maintained by Beaufort Securities.

About 949,195 shares traded hands. Sports Direct International Plc (LON:SPD) has declined 26.65% since April 28, 2016 and is downtrending. It has underperformed by 32.66% 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 a market cap of 1.75 billion GBP. The Company’s divisions include Sports Retail, Brands and Premium Lifestyle. It has a 6.51 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: Bloomberg.com which released: “Sports Direct Panned Over PR Firm Ownership After Ashley Gaffes” on September 22, 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’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: Fool.Co.Uk and their article: “Retail showdown: Sports Direct International plc vs NEXT plc” published on September 19, 2016 as well as Bloomberg.com‘s news article titled: “Sports Direct Slammed as Investors Snap Over Board Governance” with publication date: August 25, 2016.

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