Guide to Spread Betting on Sports Direct with Analysis on Broker Ratings on the LON:SPD Share Price
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Sports Direct Spread Betting Guide

Sports Direct Spread Betting

Where Can I Spread Bet on Sports Direct?

You are currently able to financial spread bet without paying any commissions on SportsDirect, plus a range of other related financial markets, through providers like:

IG Index
Broker Ratings - Sponsored by IG

Sports Direct Broker Ratings

A look at the latest Sports Direct broker ratings:

DateBroker Rating Broker Last Price Target Price Potential Upside / Downside
14-Mar-16Brokers Tips - OutperformOutperformExane BNP Paribas393.650027.00%
08-Mar-16Brokers Tips - BuyBuyCantor Fitzgerald404.748018.60%
07-Mar-16Brokers Tips - Sector PerformSector PerformRBC Capital Markets404.650023.60%
18-Feb-16Brokers Tips - BuyBuyJefferies410.555034.00%
27-Jan-16Brokers Tips - HoldHoldNumis416.14508.10%
21-Dec-15Brokers Tips - Sector PerformSector PerformRBC Capital Markets56665014.80%
18-Dec-15Brokers Tips - OutperformOutperformExane BNP Paribas58275028.90%
11-Dec-15Brokers Tips - OutperformOutperformExane BNP Paribas58175029.10%
10-Dec-15Brokers Tips - Equalwt/CautiousEqualwt/CautiousMorgan Stanley58068017.20%
07-Dec-15Brokers Tips - Sector PerformSector PerformRBC Capital Markets69977510.90%
01-Dec-15Brokers Tips - BuyBuyNumis73795028.90%
18-Nov-15Brokers Tips - OutperformOutperformExane BNP Paribas69092033.30%
19-Oct-15Brokers Tips - Sector PerformSector PerformRBC Capital Markets649.585030.90%
28-Sep-15Brokers Tips - OutperformOutperformRBC Capital Mkts75490019.40%
21-Sep-15Brokers Tips - OutperformOutperformRBC Capital Markets76190018.30%
16-Sep-15Brokers Tips - HoldHoldCantor Fitzgerald762760-0.30%
15-Sep-15Brokers Tips - BuyBuyNumis Securities Ltd756.595025.60%
09-Sep-15Brokers Tips - BuyBuyJefferies782.588012.50%
03-Sep-15Brokers Tips - BuyBuyNumis Securities Ltd812.58504.60%
28-Aug-15Brokers Tips - BuyBuyJefferies783.588012.30%
19-Aug-15Brokers Tips - OutperformOutperformExane BNP Paribas799.58607.60%
17-Aug-15Brokers Tips - OutperformOutperformRBC Capital Markets806.58505.40%
03-Aug-15Brokers Tips - OutperformOutperformRBC Capital Markets7918507.50%
31-Jul-15Brokers Tips - HoldHoldCantor Fitzgerald787.5760-3.50%
23-Jul-15Brokers Tips - BuyBuyBESI Research788.58507.80%

For the latest UK broker ratings see Daily Trading Tips.

This is Not Investment Advice

Sports Direct Analysis & News

Date Trading Update
03-Oct-17 [11:49am]

Sports Direct Share Price Update:

Falling Share Price The stock is trading lower than the 20 day moving average of 407.9p and lower than the 50 day moving average of 401.3p.
  • Current Price(i): 390.1p
  • Closing Price: 393.3p
  • Falling Share Price 1 Day Change: Down -1.26%
  • Falling Share Price 5 Day Change: Down -4.19%

Long-Term SPD.L Data

  • 52 Week High 52 Week High: 424.4p
  • 52 Week Low 52 Week Low: 260.6p
  • EPS(i): £0.38
  • PE Ratio(i): 10.15
  • Volume / Average Volume(i): 0.087m / 0.832m
  • Market Cap(i): £2,115m
  • Shares Outstanding(i): 542m
Price data from Google Finance. Also see Live SPD.L Share Price & Charts and About Sports Direct for more information.

Update by Jenna Cutly, Editor, CleanFinancial
16-Jul-14 [1:07pm]

How Will Sports Direct Expand Overseas?

The upcoming results from the sports firm are set to be fairly positive, so IG talks to Bryan Roberts from Kantar Retail to see what the company is doing to expand into new markets.

Update by IG Index

Readers please note:

About Sports Direct

Where Can I Spread Bet on Sports Direct for Free?

Trading does involve risks, however, if you want to open an entirely free Demo Account, that allows you to try out spread betting on a broad range of markets, please see below.

When deciding which investment option is right for you, also remember that, in the UK, spread betting is exempt from tax*.

If you want a free spread trading site then note that you are able to financial spread bet on SportsDirect with no commissions and no brokers' fees through companies such as:

Free Demo Account

If you want to have a look at a Test Account / Demo Account that lets users try out online spread betting on markets such as SportsDirect, then you could have a look at: Each of the above currently provide a Practice Account that investors can use to practice with a range of trading orders, try out ideas and study charts.

How to Spread Bet on Sports Direct

How to Spread Bet on Sports Direct?

Should you decide to invest in companies such as SportsDirect then one solution could be to place a spread bet on the SportsDirect share price.

Looking at a spread betting website like Capitalspreads, we can see they are offering the SportsDirect Rolling Daily market at 368.8p - 370.6p. Therefore, you can put a spread bet on the SportsDirect shares:

  SportsDirect Spread Betting Example Moving higher than 370.6p, or
  SportsDirect Spread Trading Example Moving lower than 368.8p

Whilst making a spread bet on UK shares you trade in x per penny. So, if you decided to risk 4 per penny and the SportsDirect shares move 20p then that would change your P&L by 80. 4 per penny x 20p = 80.

Rolling Daily Shares Markets

Note that this is a Rolling Daily Market and therefore there is no set settlement date for this market. If a trade is still open when the markets close at the end of the day, it just rolls over into the next session.

If your spread bet does roll over and you are speculating on the market to:

  SportsDirect Spread Trading Example Go up - then you'll pay a small overnight financing fee, or
  SportsDirect Spread Trading Example Go down - then a small payment is often credited to your account

For a more detailed example see Rolling Daily Spread Betting.

SportsDirect Rolling Daily - Equities Spread Trading Example

If you consider the spread of 368.8p - 370.6p and make the assumptions:
  • You've completed your analysis of the stock markets, and
  • Your analysis suggests the SportsDirect shares look like they will push above 370.6p
Then you may decide that you want to buy at 370.6p and risk 10 per penny.

This means that you make a profit of 10 for every penny that the SportsDirect shares increase and move higher than 370.6p. However, you will lose 10 for every penny that the SportsDirect market decreases below 370.6p.

Looked at another way, if you were to buy a spread bet then your P&L is calculated by taking the difference between the final price of the market and the price you bought the market at. You then multiply that difference in price by your stake.

As a result, if after a few hours the stock rose then you might consider closing your position to secure your profit. If that happened then the spread might change to 383.2p - 385.0p. You would close your spread bet by selling at 383.2p. Accordingly, with the same 10 stake your profit would come to:

Profit = (Final Level - Initial Level) x stake
Profit = (383.2p - 370.6p) x 10 per penny stake
Profit = 12.6p x 10 per penny stake
Profit = 126.00 profit

Trading equities, by spread trading or otherwise, doesn't always work out as you would have liked. In the above example, you had bet that the share price would go up. Of course, the share price might fall.

If the SportsDirect share price decreased, contrary to your expectations, then you could close your position in order to restrict your losses.

So if the market pulled back to 359.7p - 361.5p then you would settle your spread bet by selling at 359.7p. That would mean you would lose:

Loss = (Final Level - Initial Level) x stake
Loss = (359.7p - 370.6p) x 10 per penny stake
Loss = -10.9p x 10 per penny stake
Loss = -109.00 loss

Note - SportsDirect Rolling Daily spread taken as of 14-Dec-12.

Where Can I Find Live Prices and Charts for Sports Direct?

To study live trading prices/charts for SportsDirect, you might need a spread betting account. Such accounts are subject to status and credit checks.

If your new account is accepted then you can log on and analyse the up-to-the-minute trading charts and prices. On most platforms, these are free. Having said that, you are likely to receive the odd email and/or letter from your chosen online spread betting company.

Of course, if you want to spread bet then, before starting, be aware that financial spread betting carries a high degree of risk to your funds and you could lose more than your initial investment.

Although charting software and packages tend to differ between platforms, to aid your trading analysis, the majority of charts come with handy features such as:
  • A broad variety of time periods - 1 minute, 15 minutes, 4 hours and so on
  • A variety of display styles - line charts and candle charts
  • Drawing tools and features - trendlines, Fibonacci fans, time zones and arcs

The charts provided by Selftrade Markets also offer other benefits like:
  • Tailored Indicators, Back Testing and Optimisation tools
  • Key overlays - Ichimoku Clouds, Exponential Moving Average, Linear Regression and so on
  • A wide selection of secondary charts - Stochastic, Chaikin Volatility, Projection Oscillator and so on
  • Automatic alerts for when a market hits a pre-set level

Financial Spreads trading chart

Sports Direct Trading Guide - Example Chart

The brokers listed below give their account holders live trading prices and charts:

Advert: Sports Direct Spread Betting, sponsored by
You can spread bet on Sports Direct with Financial Spreads.

Trading Risk Warning
'Sports Direct Spread Betting' edited by DB, updated 03-Oct-17

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