Royal Bank of Canada Trims Sports Direct International (LON:SPD) Target Price to GBX 200

Sports Direct International (LON:SPD) had its target price lowered by Royal Bank of Canada from GBX 220 ($2.87) to GBX 200 ($2.61) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports. The firm currently has an underperform rating on the stock.

Separately, Peel Hunt reissued an under review rating on shares of Sports Direct International in a report on Monday.

Shares of LON:SPD traded down GBX 1.20 ($0.02) on Tuesday, reaching GBX 223.60 ($2.92). 679,496 shares of the company’s stock were exchanged, compared to its average volume of 725,314. The company has a market cap of $1.20 billion and a price-to-earnings ratio of 10.40. Sports Direct International has a fifty-two week low of GBX 166.60 ($2.18) and a fifty-two week high of GBX 417.40 ($5.45). The business has a 50-day simple moving average of GBX 257.45. The company has a debt-to-equity ratio of 65.99, a current ratio of 3.39 and a quick ratio of 1.47.

About Sports Direct International

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

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