JD Sports Fashion (LON:JD) Given New GBX 155 Price Target at Berenberg Bank

Key Points

• Berenberg Bank raised its price target for JD Sports Fashion from GBX 128 to GBX 155, suggesting a potential upside of 59.20% from the stock's previous close and maintaining a "buy" rating.
• Despite Berenberg's optimistic outlook, other analysts have varied ratings, with UBS Group maintaining a "neutral" rating and a price target of GBX 84, while the consensus target stands at GBX 105.17.
• As of Wednesday, JD Sports Fashion's stock opened at GBX 97.36, with a market cap of £5.04 billion and a notably high price-to-earnings ratio of 973.60, indicating a substantial valuation compared to earnings.

JD Sports Fashion (LON:JD - Get Free Report) had its target price raised by Berenberg Bank from GBX 128 to GBX 155 in a research note issued on Wednesday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's target price would indicate a potential upside of 59.20% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. UBS Group restated a "neutral" rating and issued a GBX 84 price target on shares of JD Sports Fashion in a report on Friday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of JD Sports Fashion from GBX 85 to GBX 100 and gave the stock a "hold" rating in a research note on Tuesday, August 19th. Shore Capital reiterated a "buy" rating on shares of JD Sports Fashion in a research note on Wednesday. Citigroup boosted their price objective on shares of JD Sports Fashion from GBX 83 to GBX 92 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of JD Sports Fashion from GBX 90 to GBX 95 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, JD Sports Fashion has a consensus rating of "Hold" and a consensus price target of GBX 105.17.

JD Sports Fashion Stock Performance

LON:JD opened at GBX 97.36 on Wednesday. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42. The company has a market cap of £5.04 billion, a price-to-earnings ratio of 973.60, a P/E/G ratio of 1.05 and a beta of 1.65. The firm has a 50 day simple moving average of GBX 86.65 and a 200-day simple moving average of GBX 81.41.

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.

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