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Nike Inc. (NYSE:NKE) stock price target reduced to $55.00, issued a research note today by FBR & Co.

In a report released on Wednesday September 28, 2016 FBR & Co. reduced the stock price target of Nike Inc. (NYSE:NKE) from $63.00 to $55.00 indicating a possible downside of -0.01%.

Previously on 9/26/2016, Vetr Inc. reported on 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%.

Yesterday Nike Inc. (NYSE:NKE) traded 1.73% higher at $55.34. The company’s 50-day moving average is $56.79 and its 200-day moving average is $57.33. The last closing price is down -3.47% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 17,957,015 shares of the stock traded hands, up from an average trading volume of 9,160,860

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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 25.62 The company’s market cap is currently $0.

In addition to FBR & Co. reporting its target price, a total of 28 firms have reported on the stock. The consensus target price is $70.52 with 9 firms rating the stock a strong buy, 15 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

More 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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