JD Sports Fashion (LON:JD) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of JD Sports Fashion (LON:JD) to a neutral rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has GBX 105 ($1.32) price target on the stock.

Several other research firms have also recently weighed in on JD. Shore Capital reissued a “buy” rating on shares of JD Sports Fashion in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 110 ($1.38) price target on shares of JD Sports Fashion in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 446 ($5.60).

JD Sports Fashion Stock Up 10.0 %

JD Sports Fashion stock opened at GBX 102.80 ($1.29) on Friday. The company has a market cap of £5.33 billion, a PE ratio of 934.60, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42. The firm has a fifty day moving average of GBX 134 and a 200-day moving average of GBX 128.49.

JD Sports Fashion Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 7th will be given a dividend of GBX 0.33 ($0.00) per share. The ex-dividend date is Thursday, November 7th. This represents a dividend yield of 0.25%. JD Sports Fashion’s payout ratio is presently 1,000.00%.

Insider Buying and Selling

In other news, insider Andy Long purchased 31,064 shares of JD Sports Fashion stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average price of GBX 96 ($1.21) per share, for a total transaction of £29,821.44 ($37,454.71). 51.91% of the stock is currently owned by company insiders.

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.