JD Sports Fashion (LON:JD) Price Target Lowered to GBX 86 at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered JD Sports Fashion’s price target from GBX 90 to GBX 86 while maintaining a “neutral” rating, implying approximately 7.39% upside from the current share price.
• Analyst sentiment remains mixed but leans toward “Hold”: three analysts rate the stock a Buy and six rate it a Hold. The reported consensus target price is GBX 191.89.
• JD shares opened at GBX 80.08, with the company valued at approximately £4.15 billion and trading at a reported P/E ratio of 800.80.

JD Sports Fashion (LON:JD - Get Free Report) had its price target lowered by research analysts at JPMorgan Chase & Co. from GBX 90 to GBX 86 in a report released on Friday,London Stock Exchange reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 7.39% from the company's current price.

A number of other research firms also recently weighed in on JD. Berenberg Bank reissued a "buy" rating and set a GBX 155 target price on shares of JD Sports Fashion in a research report on Thursday, July 2nd. Jefferies Financial Group restated a "buy" rating and issued a GBX 840 price target on shares of JD Sports Fashion in a research report on Wednesday, May 6th. UBS Group reaffirmed a "neutral" rating and issued a GBX 94 price objective on shares of JD Sports Fashion in a research note on Tuesday, May 5th. Citigroup decreased their price objective on shares of JD Sports Fashion from GBX 86 to GBX 83 and set a "neutral" rating for the company in a research report on Wednesday, May 20th. Finally, Shore Capital Group reissued a "hold" rating and set a GBX 75 target price on shares of JD Sports Fashion in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 191.89.

JD Sports Fashion Price Performance

Shares of JD opened at GBX 80.08 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23. The company has a market capitalization of £4.15 billion, a P/E ratio of 800.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The business's 50-day moving average is GBX 87.86 and its 200-day moving average is GBX 80.08.

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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