Sports Direct International (SPD) Hits New 52-Week Low at $273.30

Shares of Sports Direct International Plc (LON:SPD) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 273.30 ($3.57) and last traded at GBX 281.30 ($3.68), with a volume of 408501 shares trading hands. The stock had previously closed at GBX 279.10 ($3.65).

A number of analysts recently issued reports on the company. Royal Bank of Canada lowered Sports Direct International to an “underperform” rating in a research note on Tuesday, October 16th. Peel Hunt reiterated an “add” rating on shares of Sports Direct International in a research note on Wednesday, September 12th. Liberum Capital reiterated a “buy” rating on shares of Sports Direct International in a research note on Wednesday, September 12th. Finally, Berenberg Bank assumed coverage on Sports Direct International in a research note on Monday, November 12th. They set a “sell” rating and a GBX 270 ($3.53) price objective on the stock. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 346.60 ($4.53).

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Sports Direct International Company Profile (LON:SPD)

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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