Sports Direct International (LON:SPD) had its price target reduced by equities research analysts at Royal Bank of Canada from GBX 220 ($2.87) to GBX 200 ($2.61) in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has an “underperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential downside of 12.97% from the stock’s previous close.
Separately, Peel Hunt reaffirmed an “under review” rating on shares of Sports Direct International in a research report on Monday.
SPD opened at GBX 229.80 ($3.00) on Tuesday. The firm has a market capitalization of $1.23 billion and a price-to-earnings ratio of 10.69. Sports Direct International has a 52 week low of GBX 166.60 ($2.18) and a 52 week high of GBX 417.40 ($5.45). The stock’s 50 day moving average price is GBX 258.75. The company has a debt-to-equity ratio of 65.99, a quick ratio of 1.47 and a current ratio of 3.39.
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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