Berenberg Bank Lowers JD Sports Fashion (LON:JD) Price Target to GBX 150

Key Points

• Berenberg Bank lowered its price target for JD Sports Fashion from GBX 155 to GBX 150 but maintained a “buy” rating, implying 87.31% potential upside from the current price.
• Analyst sentiment is mixed: three analysts rate the stock “buy” and six rate it “hold,” resulting in a consensus “hold” rating and an average price target of GBX 191.89.
• JD Sports shares opened at GBX 80.08, with a market capitalization of approximately £4.15 billion and a 50-day moving average of GBX 87.86.

JD Sports Fashion (LON:JD - Get Free Report) had its price objective decreased by stock analysts at Berenberg Bank from GBX 155 to GBX 150 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price target suggests a potential upside of 87.31% from the company's current price.

Several other analysts also recently issued reports on the company. UBS Group restated a "neutral" rating and issued a GBX 94 price objective on shares of JD Sports Fashion in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 95 price objective on shares of JD Sports Fashion in a research report on Friday. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 100 target price on shares of JD Sports Fashion in a research note on Monday, August 3rd. Jefferies Financial Group restated a "buy" rating and issued a GBX 840 target price on shares of JD Sports Fashion in a report on Wednesday, May 6th. Finally, Shore Capital Group reiterated a "hold" rating and set a GBX 75 price target on shares of JD Sports Fashion in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 191.89.

JD Sports Fashion Stock Performance

Shares of LON:JD opened at GBX 80.08 on Friday. The company's 50 day moving average is GBX 87.86 and its two-hundred day moving average is GBX 80.08. The firm has a market cap of £4.15 billion, a PE ratio of 800.80, a PEG ratio of 1.05 and a beta of 1.65. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23.

About JD Sports Fashion

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, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel. It offers its products under the JD, Size?, Footpatrol, Finish Line, Shoe Palace, DTLR, Livestock, Sprinter, Sport Zone, Sizeer, JD Gyms, Tessuti, Scotts, Go Outdoors, Blacks, Millets, Tiso, Ultimate Outdoors, Fishing Republic, and Naylors brands.

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