Citigroup Issues Positive Forecast for JD Sports Fashion (LON:JD) Stock Price

Key Points

• Citigroup has raised its price target for JD Sports Fashion from GBX 92 to GBX 95, indicating a potential upside of 1.71% from the current price.
• Other brokerages have mixed views, with JPMorgan cutting its target to GBX 90 while Deutsche Bank raised it to GBX 100, showing divergence in analyst ratings.
• The company currently maintains a market cap of £4.84 billion and has an average rating of "Hold" with a target price of GBX 103.17 based on multiple equity research evaluations.

JD Sports Fashion (LON:JD - Free Report) had its price objective raised by Citigroup from GBX 92 to GBX 95 in a research note issued to investors on Wednesday morning, Marketbeat.com reports. They currently have a neutral rating on the stock.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. reduced their target price on JD Sports Fashion from GBX 92 to GBX 90 and set a "neutral" rating on the stock in a research note on Wednesday, September 3rd. Berenberg Bank increased their target price on JD Sports Fashion from GBX 128 to GBX 155 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Shore Capital reissued a "buy" rating on shares of JD Sports Fashion in a research note on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft increased their target price on JD Sports Fashion from GBX 85 to GBX 100 and gave the company a "hold" rating in a research note on Tuesday, August 19th. Finally, UBS Group reissued a "neutral" rating and issued a GBX 84 target price on shares of JD Sports Fashion in a research note on Friday, August 15th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 103.17.

JD Sports Fashion Trading Down 2.2%

Shares of JD Sports Fashion stock traded down GBX 2 during trading on Wednesday, hitting GBX 90.52. The stock had a trading volume of 7,517,167 shares, compared to its average volume of 393,791. The stock has a market capitalization of £4.69 billion, a price-to-earnings ratio of 905.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company's 50 day moving average price is GBX 89.93 and its 200-day moving average price is GBX 82.35. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42.

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.