JD Sports Fashion (LON:JD) Stock Price Expected to Rise, Citigroup Analyst Says

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 target lifted by Citigroup from GBX 92 to GBX 95 in a research note released on Wednesday, MarketBeat Ratings reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued reports about the company. Shore Capital restated a "buy" rating on shares of JD Sports Fashion in a research report on Wednesday, August 27th. Berenberg Bank boosted 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. Deutsche Bank Aktiengesellschaft boosted their price objective on JD Sports Fashion from GBX 85 to GBX 100 and gave the company a "hold" rating in a research report on Tuesday, August 19th. Royal Bank Of Canada boosted their price objective on JD Sports Fashion from GBX 90 to GBX 95 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, UBS Group reiterated a "neutral" rating and issued a GBX 84 price target on shares of JD Sports Fashion in a report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of GBX 103.17.

JD Sports Fashion Stock Performance

JD traded down GBX 2 during trading on Wednesday, reaching GBX 90.52. 7,517,167 shares of the company's stock were exchanged, compared to its average volume of 393,791. The firm has a fifty day moving average of GBX 89.93 and a two-hundred day moving average of GBX 82.37. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a market cap of £4.69 billion, a price-to-earnings ratio of 905.20, a PEG ratio of 1.05 and a beta of 1.65.

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.