Peel Hunt Raises Sports Direct International (LON:SPD) Price Target to GBX 450

Sports Direct International (LON:SPD) had its price target increased by equities research analysts at Peel Hunt from GBX 400 ($5.18) to GBX 450 ($5.83) in a research note issued on Thursday, July 19th. The brokerage presently has an “add” rating on the stock. Peel Hunt’s price target indicates a potential upside of 11.00% from the company’s previous close.

Separately, Liberum Capital upgraded shares of Sports Direct International to a “buy” rating and lifted their target price for the company from GBX 400 ($5.18) to GBX 520 ($6.73) in a report on Thursday, July 19th.

Shares of Sports Direct International traded down GBX 1.30 ($0.02), hitting GBX 405.40 ($5.25), during trading hours on Thursday, according to MarketBeat. The company’s stock had a trading volume of 1,144,952 shares, compared to its average volume of 725,314. Sports Direct International has a 12 month low of GBX 280.20 ($3.63) and a 12 month high of GBX 424.40 ($5.49).

Sports Direct International (LON:SPD) last posted its quarterly earnings data on Thursday, July 19th. The company reported GBX 19.90 ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 18 ($0.23) by GBX 1.90 ($0.02). Sports Direct International had a return on equity of 4.15% and a net margin of 1.67%.

Sports Direct International Company Profile

Sports Direct International plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, and accessories. It operates through four segments: UK Sports Retail, International Sports Retail, Brands, and Premium Lifestyle. The company is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, and equipment under company-owned or licensed brands; and licensing activities.

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