Citigroup Has Lowered Expectations for JD Sports Fashion (LON:JD) Stock Price

Key Points

• Citigroup cut its price target on JD Sports from GBX 87 to GBX 86 and maintained a "neutral" rating, implying only about a 4.6% upside from the current price.
• Analyst consensus is a "Hold" with an average target of GBX 111.50; ratings are mixed (two Buys, five Holds) and targets range widely (about GBX 85–155), showing divergent views on the stock's outlook.
• Shares trade near GBX 82 with a market cap of £4.26 billion, but the company shows a very high P/E (~822) and a high debt-to-equity ratio (~133), highlighting valuation and leverage concerns.

JD Sports Fashion (LON:JD - Get Free Report) had its target price dropped by investment analysts at Citigroup from GBX 87 to GBX 86 in a report issued on Tuesday,Digital Look reports. The firm currently has a "neutral" rating on the stock. Citigroup's price objective points to a potential upside of 4.57% from the company's current price.

Other equities research analysts also recently issued research reports about the company. UBS Group reaffirmed a "neutral" rating and set a GBX 94 price objective on shares of JD Sports Fashion in a research report on Friday, January 16th. Shore Capital restated a "hold" rating and issued a GBX 85 price target on shares of JD Sports Fashion in a report on Monday. Royal Bank Of Canada reduced their price objective on shares of JD Sports Fashion from GBX 88 to GBX 87 and set a "market perform" rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of JD Sports Fashion from GBX 100 to GBX 95 and set a "hold" rating for the company in a research note on Friday, November 21st. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 155 price target on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of GBX 111.50.

JD Sports Fashion Price Performance

LON:JD opened at GBX 82.24 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23. The stock has a market capitalization of £4.26 billion, a price-to-earnings ratio of 822.40, a PEG ratio of 1.05 and a beta of 1.65. The business has a fifty day simple moving average of GBX 81.97 and a 200-day simple moving average of GBX 87.98.

JD Sports Fashion Company Profile

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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