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

JD Sports Fashion (LON:JD) had its target price cut by equities researchers at JPMorgan Chase & Co. from GBX 90 to GBX 86 in a report issued on Friday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.39% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 840 price objective on shares of JD Sports Fashion in a research report on Wednesday, May 6th. Citigroup decreased their target price on 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. UBS Group reaffirmed a “neutral” rating and set a GBX 94 price target on shares of JD Sports Fashion in a research note on Tuesday, May 5th. Shore Capital Group reiterated a “hold” rating and issued a GBX 75 price target on shares of JD Sports Fashion in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 460 price objective on shares of JD Sports Fashion in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 191.89.

JD Sports Fashion Trading Down 14.3%

JD opened at GBX 80.08 on Friday. 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 capitalization of £4.15 billion, a P/E ratio of 800.80, a P/E/G ratio of 1.05 and a beta of 1.65. The firm has a fifty day moving average of GBX 87.86 and a two-hundred day moving average of GBX 80.08.

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.