JD Sports Fashion (LON:JD) Stock Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• JD Sports Fashion shares crossed above their 200-day moving average, reaching GBX 88.88 before closing at GBX 86.44 on volume of approximately 10.1 million shares.
• Analyst sentiment remains cautious, with a consensus “Hold” rating; recent price targets range from GBX 75 to GBX 100, while JPMorgan lowered its target to GBX 86.
• The company has a £4.49 billion market capitalization and operates a broad portfolio of sports-fashion and outdoor retail brands, including JD, Finish Line, DTLR, and Go Outdoors.

JD Sports Fashion Plc (LON:JD - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 80.22 and traded as high as GBX 88.88. JD Sports Fashion shares last traded at GBX 86.44, with a volume of 10,080,128 shares traded.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JD shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 100 price target on shares of JD Sports Fashion in a research report on Monday, August 3rd. Shore Capital Group reiterated a "hold" rating and set a GBX 75 price target on shares of JD Sports Fashion in a research report on Thursday, August 20th. UBS Group reissued a "neutral" rating and set a GBX 94 price objective on shares of JD Sports Fashion in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 95 target price on shares of JD Sports Fashion in a research note on Friday, August 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of JD Sports Fashion from GBX 90 to GBX 86 and set a "neutral" rating on the stock in a research note on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 191.89.

JD Sports Fashion Stock Up 0.3%

The firm's 50 day moving average price is GBX 87.70 and its 200-day moving average price is GBX 80.22. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23. The company has a market cap of £4.49 billion, a P/E ratio of 867.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

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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