JD Sports Fashion (LON:JD) Price Target Raised to GBX 87

JD Sports Fashion (LON:JD) had its price objective raised by Citigroup from GBX 83 to GBX 87 in a research note released on Friday morning, Marketbeat Ratings reports. Citigroup currently has a neutral rating on the stock.

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

JD Sports Fashion Price Performance

Shares of LON JD opened at GBX 84.54 on Friday. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a market capitalization of £4.38 billion, a price-to-earnings ratio of 845.40, a PEG ratio of 1.05 and a beta of 1.65. The stock has a fifty day moving average of GBX 87.73 and a two-hundred day moving average of GBX 80.07.

Key Stories Impacting JD Sports Fashion

Here are the key news stories impacting JD Sports Fashion this week:

• Positive Sentiment: JD Sports said the Scotland football strip was its best-selling World Cup product, suggesting strong demand for event-driven merchandise and supporting near-term sales momentum. JD Sports reveals Scotland strip as World Cup best seller
• Positive Sentiment: Berenberg retained a Buy rating and continues to see substantial longer-term upside, despite trimming its price target to GBX 150. Broker ratings from Digital Look
• Positive Sentiment: Citigroup raised its price target to GBX 87, indicating a modest improvement in its valuation view, although it maintained a neutral stance. Broker ratings from London Stock Exchange
• Neutral Sentiment: Deutsche Bank reaffirmed its Hold rating with a GBX 95 target, signaling that it sees limited justification for a stronger bullish position until trading improves. Deutsche Bank broker rating
• Neutral Sentiment: JD Sports is bringing Yeezy products back to physical stores in the United States, which could provide additional product availability but also carries uncertain demand and brand-related risks. JD Sports brings Yeezy back to physical retail in US
• Negative Sentiment: Reports of a profits warning were the most important negative catalyst, raising concerns about weaker earnings, intensifying competition and softer trading conditions. Frasers’ expansion at Overgate adds to concerns about competitive pressure in key retail locations. JD Sports profits warning as Frasers boosts Overgate
• Negative Sentiment: JPMorgan cut its price target to GBX 86 and maintained a neutral rating, while Shore Capital reiterated Hold with a much lower GBX 75 target. These revisions reinforce investor concerns about valuation and earnings visibility. JD Sports broker ratings

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.