Citigroup Issues Positive Forecast for JD Sports Fashion (LON:JD) Stock Price

JD Sports Fashion (LON:JD) had its price target boosted by investment analysts at Citigroup from GBX 83 to GBX 87 in a report issued on Friday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 8.64% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Berenberg Bank reduced their price target on shares of JD Sports Fashion from GBX 155 to GBX 150 and set a “buy” rating for the company in a report on Friday. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 100 price objective on shares of JD Sports Fashion in a report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price objective on shares of JD Sports Fashion from GBX 90 to GBX 86 and set a “neutral” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 95 target price on shares of JD Sports Fashion in a report on Friday. Finally, UBS Group restated a “neutral” rating and set a GBX 94 price objective on shares of JD Sports Fashion in a research note on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 191.89.

JD Sports Fashion Price Performance

LON:JD opened at GBX 80.08 on Friday. The business has a fifty day simple moving average of GBX 87.86 and a 200-day simple moving average of GBX 80.08. The stock has a market capitalization of £4.15 billion, a price-to-earnings ratio of 800.80, a PEG ratio of 1.05 and a beta of 1.65. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23.

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.