JD Sports Fashion (LON:JD – Get Rated) Equity analysts at Berenberg Bank lowered their price target from GBX 200 ($2.42) to GBX 180 ($2.17) in a research report released Tuesday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential 46.58% upside from the current share price.
Several other stock research analysts have recently commented on the company as well. JPMorgan Chase & Co. lowered its price target on JD Sports Fashion from GBX 210 ($2.54) to GBX 180 ($2.17) and set an “overweight” rating on the company in a research note Tuesday. of July. Royal Bank of Canada reaffirmed an “outperformance” rating and issued a GBX 200 ($2.42) price target for shares of JD Sports Fashion in a research note on Monday, May 30. Barclays cut its price target on JD Sports Fashion from GBX 240 ($2.90) to GBX 195 ($2.36) and set an “overweight” rating on the stock in a research report on Monday, May 16. Deutsche Bank Aktiengesellschaft lowered its price target on JD Sports Fashion from GBX 875 ($10.57) to GBX 735 ($8.88) and placed a “buy” rating on the stock in a research report Thursday, July 14. Finally, Shore Capital reissued a “buy” rating on JD Sports Fashion stock in a research report on Tuesday, August 2. Two research analysts rated the shares a hold rating and eight assigned a buy rating to the company’s shares. According to MarketBeat data, the stock currently has a “Moderate Buy” consensus rating and an average price target of GBX 496.25 ($6.00).
JD sports fashion trade up 2.4%
Shares of LON JD rose GBX 2.85 ($0.03) during midday trading on Tuesday, reaching GBX 122.80 ($1.48). The stock had a trading volume of 10,184,038 shares, compared to its average volume of 393,791. The company’s 50-day simple moving average is GBX 124.68 and its 200-day simple moving average is GBX 132.76. The company has a market capitalization of £6.33 billion and a P/E ratio of 1,754.29. JD Sports Fashion has a minimum of fifty-two weeks of GBX 98.94 ($1.20) and a maximum of fifty-two weeks of GBX 235.70 ($2.85). The firm has a debt-to-equity ratio of 101.34, a current ratio of 1.42, and a quick ratio of 0.75.
Internal activity at JD Sports Fashion
In other news, whistleblower Andy Higginson purchased 292,725 shares of the company in a transaction that occurred on Monday, August 8. The shares were purchased at an average cost of GBX 133 ($1.61) per share, with a total value of £389,324.25 ($470,425.63).
About JD Sports Fashion
(Get rating)
JD Sports Fashion plc is engaged in the retail sale of branded sports fashion and outdoor clothing, footwear, accessories and equipment for children, women and men. It operates through the Sports Fashion and Outdoor segments. The company also retails leisure goods, sporting goods, fishing gear, watches, jewelry, camping gear, boats and bicycles, as well as distributes sports apparel and accessories, footwear and apparel.
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