JD Sports Fashion (LON:JD) Price Target Cut to GBX 630
JD Sports Fashion (LON:JD – Get Rating) had its price target decreased by Deutsche Bank Aktiengesellschaft from GBX 735 ($8.88) to GBX 630 ($7.61) in a research report issued to clients and investors on Thursday, LSE.Co.UK reports. The brokerage presently has a “buy” rating on the stock.
A number of other equity analysts have also issued reports on the company. Barclays reduced their target price on JD Sports Fashion from GBX 185 ($2.24) to GBX 175 ($2.11) and set an “overweight” rating for the company in a research note on Monday, September 26th. Credit Suisse Group restated an “outperform” rating and issued a GBX 190 ($2.30) target price on shares of JD Sports Fashion in a research note on Monday, September 26th. Shore Capital restated a “hold” rating on shares of JD Sports Fashion in a research note on Friday, October 7th. JPMorgan Chase & Co. reduced 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. Finally, Berenberg Bank cut their price target on JD Sports Fashion from GBX 200 ($2.42) to GBX 180 ($2.17) and set a “buy” rating on the stock in a research report on Tuesday, September 6th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 448.33 ($5.42).
JD Sports Fashion Price Performance
Shares of JD stock opened at GBX 96.86 ($1.17) on Thursday. The stock has a market cap of £5.00 billion and a price-to-earnings ratio of 1,692.50. The company has a debt-to-equity ratio of 91.09, a current ratio of 1.50 and a quick ratio of 0.71. The stock has a 50-day moving average price of GBX 110.41 and a two-hundred day moving average price of GBX 121.02.
Insider Activity
In other JD Sports Fashion news, insider Andy Long bought 25,000 shares of the company’s stock in a transaction dated Friday, October 14th. The shares were purchased at an average cost of GBX 97 ($1.17) per share, for a total transaction of £24,250 ($29,301.59). In other news, insider Andy Long acquired 25,000 shares of the stock in a transaction that occurred on Friday, October 14th. The shares were bought at an average cost of GBX 97 ($1.17) per share, for a total transaction of £24,250 ($29,301.59). Also, insider Andy Higginson acquired 292,725 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average price of GBX 133 ($1.61) per share, for a total transaction of £389,324.25 ($470,425.63).
About JD Sports Fashion
(Get Rating)
JD Sports Fashion plc engages in the retail of branded sports fashion and outdoor clothing, footwear, accessories, and equipment for kids, women, and men. It operates through Sports Fashion and Outdoor segments. The company also retails leisure goods, sports goods, fishing gear, watches, jewelery, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel.
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