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A statement released earlier today by B. Riley about Nike Inc. (NYSE:NKE) bumps the target price to $55.00

Just yesterday Nike Inc. (NYSE:NKE) traded 0.94% higher at $55.34. Nike Inc.’s 50-day average is $56.51 and its two hundred day average is $57.20. With the last close down -7.96% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trading volume was up over the average, with 12,940,220 shares of NKE changing hands over the typical 9,038,980

B. Riley bumped up the target of Nike Inc. (NYSE:NKE) to $55.00 reporting a possible downside of -0.01%.

Previously on 09/26/2016, Vetr Inc. released a statement about Nike Inc. (NYSE:NKE) increased the target price from $0.00 to $58.12. At the time, this indicated a possible upside of 0.05%.

See Chart Below

Nike Inc. (NYSE:NKE)

Nike Inc. has a 52 week low of $51.48 and a 52 week high of $68.19 with a P/E ratio of 23.76 The company’s market cap is currently $0.

Also covering Nike Inc.'s price target, a total of 28 analysts have released a report on Nike Inc.. The 12-month price target is $70.52 with nine analysts rating the company a strong buy, fifteen analysts rating the company a buy, eight equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Nike Inc. (NYSE:NKE)

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company's operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse. As of May 31, 2016, the Company focused its NIKE brand product offerings in nine categories: Running, NIKE Basketball, the Jordan Brand, Football (Soccer), Men's Training, Women's Training, Action Sports, Sportswear (its sports-inspired lifestyle products) and Golf. Men's Training includes its baseball and American football product offerings. It also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Company sells a range of performance equipment and accessories under the NIKE Brand name.

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