JD Sports Fashion (LON:JD – Get Rating) had its price objective reduced by equities analysts at Berenberg Bank from GBX 200 ($2.42) to GBX 180 ($2.17) in a research report issued on Tuesday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 46.58% from the stock’s current price.
Several other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. decreased their target price on JD Sports Fashion from GBX 210 ($2.54) to GBX 180 ($2.17) and set an “overweight” rating for the company in a research note on Tuesday, July 26th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 200 ($2.42) price objective on shares of JD Sports Fashion in a research note on Monday, May 30th. Barclays decreased their target price 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 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on JD Sports Fashion from GBX 875 ($10.57) to GBX 735 ($8.88) and set a “buy” rating on the stock in a research report on Thursday, July 14th. Finally, Shore Capital reissued a “buy” rating on shares of JD Sports Fashion in a research report on Tuesday, August 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 496.25 ($6.00), according to data from MarketBeat.
JD Sports Fashion Trading rose 2.4%
Shares of LON JD traded up GBX 2.85 ($0.03) during mid-day 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 SMA is GBX 124.68, and its 200-day SMA is GBX 132.76. The firm has a market cap of £6.33 billion and a P/E ratio of 1,754.29. JD Sports Fashion has a fifty-two week low of GBX 98.94 ($1.20) and a fifty-two week high of GBX 235.70 ($2.85). The company has a debt-to-equity ratio of 101.34, a current ratio of 1.42, and a quick ratio of 0.75.
Inside activity at JD Sports Fashion
In other news, insider Andy Higginson bought 292,725 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was bought 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 engages in the retail sale of branded sports fashion and outerwear, footwear, accessories and equipment for children, women and men. It operates through Sport Fashion and Outdoor segments. The company also retails leisure goods, sporting goods, fishing equipment, watches, jewelry, camping goods, boats and bicycles, and distributes sports apparel and accessories, footwear and apparel.
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