JD Sports Fashion (LON:JD) Share Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• JD Sports Fashion's stock price crossed above its 200-day moving average of GBX 82.58, trading as high as GBX 93.76 during recent trading.
• Several analysts issued new price targets, with Berenberg Bank increasing their target to GBX 155 and maintaining a "buy" rating.
• The company has a market capitalization of £4.78 billion and a price-to-earnings ratio of 923.00, indicating it operates within a highly leveraged structure.

Shares of JD Sports Fashion Plc (LON:JD - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 82.58 ($1.11) and traded as high as GBX 93.76 ($1.26). JD Sports Fashion shares last traded at GBX 91.86 ($1.24), with a volume of 7,298,388 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JD shares. UBS Group reiterated a "neutral" rating and issued a GBX 84 target price on shares of JD Sports Fashion in a report on Friday, August 15th. Shore Capital reiterated a "buy" rating on shares of JD Sports Fashion in a report on Wednesday, August 27th. Royal Bank Of Canada upped their target price on JD Sports Fashion from GBX 90 to GBX 95 and gave the stock an "outperform" rating in a report on Friday, August 8th. Berenberg Bank upped their target price on JD Sports Fashion from GBX 128 to GBX 155 and gave the stock a "buy" rating in a report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. decreased their price objective on JD Sports Fashion from GBX 92 to GBX 90 and set a "neutral" rating for the company in a research note on Wednesday, September 3rd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of GBX 103.17.

JD Sports Fashion Stock Down 3.8%

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 stock has a market capitalization of £4.58 billion, a PE ratio of 884.20, a PEG ratio of 1.05 and a beta of 1.65. The business has a 50 day moving average of GBX 90.19 and a two-hundred day moving average of GBX 82.86.

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.