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

Key Points

• Citigroup raised its price target for JD Sports Fashion from GBX 83 to GBX 87 while maintaining a “neutral” rating, implying 8.64% potential upside.
• Analyst sentiment remains mixed but leans cautious: JPMorgan and Berenberg cut their targets, while the overall consensus rating is “Hold.”
• JD Sports shares were trading down 14.3%, opening at GBX 80.08, with the company valued at approximately £4.15 billion.

JD Sports Fashion (LON:JD - Get Free Report) had its price objective hoisted by equities researchers at Citigroup from GBX 83 to GBX 87 in a research note issued on Friday,London Stock Exchange reports. The firm currently has a "neutral" rating on the stock. Citigroup's target price indicates a potential upside of 8.64% from the stock's current price.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. dropped their target price on JD Sports Fashion from GBX 90 to GBX 86 and set a "neutral" rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 95 price target on shares of JD Sports Fashion in a research note on Friday. Berenberg Bank dropped their price objective on JD Sports Fashion from GBX 155 to GBX 150 and set a "buy" rating for the company in a report on Friday. Shore Capital Group reaffirmed a "hold" rating and issued a GBX 75 price objective on shares of JD Sports Fashion in a research report on Thursday. Finally, UBS Group reiterated a "neutral" rating and issued a GBX 94 target price on shares of JD Sports Fashion in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 191.89.

JD Sports Fashion Trading Down 14.3%

Shares of LON:JD opened at GBX 80.08 on Friday. The company has a market cap 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 firm's 50 day moving average price is GBX 87.86 and its 200-day moving average price is GBX 80.08. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71.

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. 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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