JD Sports Fashion (OTCMKTS: JDSPY – Get Rated) Morgan Stanley cut its price target from GBX 250 ($3.06) to GBX 131 ($1.60) in a research report sent to investors on Friday morning, The Fly reports.
Several other equity research analysts have also issued reports on JDSPY. Credit Suisse Group lowered its price target on JD Sports Fashion shares from GBX 260 ($3.18) to GBX 200 ($2.45) in a report on Friday, June 10. Barclays cut its price target on shares of JD Sports Fashion from GBX 195 ($2.39) to GBX 185 ($2.27) in a report on Friday. Berenberg Bank lowered its price target on JD Sports Fashion shares from GBX 285 ($3.49) to GBX 200 ($2.45) in a report on Tuesday, June 7. Finally, JPMorgan Chase & Co. lowered its price target on shares of JD Sports Fashion from GBX 255 ($3.12) to GBX 210 ($2.57) in a report on Thursday. One analyst rated the shares a hold rating and four assigned a buy rating to the company’s shares. According to data from MarketBeat.com, the stock currently has a moderate average buy rating and a consensus price target of $198.50.
Shares of JD Sports Fashion opened at $1.39 on Friday. JD Sports Fashion has a 52-week minimum of $1.22 and a 52-week maximum of $3.79. The company has a fifty-day simple moving average of $1.55 and a 200-day simple moving average of $2.49.
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, as well as distributes sports apparel and accessories, footwear and apparel, and rugby apparel and accessories.
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Source: www.defenseworld.net