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Nike Inc. (NYSE:NKE) target bumped down to $60.00, issued a ratings update today by Credit Suisse

Only yesterday Nike Inc. (NYSE:NKE) traded 1.73% higher at $55.34. NKE’s 50-day average is $56.79 and its 200-day moving average is $57.33. With the last stock price down -3.47% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 17,957,015 shares of the stock were exchanged, up from an average trading volume of 9,160,860

In a report released on Wednesday September 28, 2016 Credit Suisse reduced the stock price target of Nike Inc. (NYSE:NKE) from $63.00 to $60.00 reporting a possible upside of 0.08%.

Previously on 9/26/2016, 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 price-earnings ratio of 25.62 with a one year low of $51.48 and a one year high of $68.19 Nike Inc.’s market capitalization is presently $0.

A total of 28 brokerages have issued a ratings update on Nike Inc.. Nine brokerages rating the company a strong buy, fifteen brokerages rating the company a buy, eight brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $70.52.

General Company Details For 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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