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Nike Inc. (NYSE:NKE) target price lowered to $52.00, issued a ratings update earlier today by Canaccord Genuity

Just yesterday Nike Inc. (NYSE:NKE) traded -0.07% lower at $55.33. Nike Inc.’s 50-day moving average is $56.84 and its 200-day moving average is $57.45. The last stock price is down -3.62% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,262,524 shares of NKE traded hands, down from an average trading volume of 9,316,670

Reporting as potential downside of -0.06%, Canaccord Genuity dropped the price target of Nike Inc. (NYSE:NKE) to $52.00

Recent Performance Chart

Nike Inc. (NYSE:NKE)

Nike Inc. has 52 week low of $51.48 and a 52 week high of $68.19 with a PE ratio of 25.63 and has a market capitalization of $0.

In addition to Canaccord Genuity reporting its stock price target, a total of 28 analysts have released a research note on NKE. The one year target is $70.52 with nine analysts rating the company 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 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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