JD Sports Fashion (LON:JD) Price Target Cut to GBX 90 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has lowered JD Sports Fashion's price target from GBX 92 to GBX 90, maintaining a "neutral" rating for the stock.
• Other firms, including Berenberg Bank and Royal Bank of Canada, have issued varying price targets, with Berenberg Bank raising its target to GBX 155 and giving a "buy" rating.
• JD Sports Fashion currently has an average rating of "Hold" among analysts, with a consensus price target of GBX 102.67.

JD Sports Fashion (LON:JD - Free Report) had its price target decreased by JPMorgan Chase & Co. from GBX 92 to GBX 90 in a research report released on Wednesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

JD has been the subject of a number of other reports. Citigroup raised their price objective on shares of JD Sports Fashion from GBX 83 to GBX 92 and gave the company a "neutral" rating in a research report on Friday, August 1st. UBS Group restated a "neutral" rating and issued a GBX 84 price objective on shares of JD Sports Fashion in a research report on Friday, August 15th. Berenberg Bank raised their price objective on shares of JD Sports Fashion from GBX 128 to GBX 155 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Royal Bank Of Canada lifted their target price on shares of 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, Shore Capital reissued a "buy" rating on shares of JD Sports Fashion in a report on Wednesday, August 27th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of GBX 102.67.

JD Sports Fashion Trading Down 1.3%

Shares of JD stock traded down GBX 1.22 during trading hours on Wednesday, reaching GBX 94.46. The stock had a trading volume of 10,918,243 shares, compared to its average volume of 393,791. The stock has a 50 day simple moving average of GBX 89.55 and a two-hundred day simple moving average of GBX 81.92. 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 firm has a market capitalization of £4.89 billion, a price-to-earnings ratio of 944.60, 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.