JD Sports Fashion (LON:JD) Price Target Raised to GBX 680

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JD Sports Fashion (LON:JD) had its price objective upped by stock analysts at Morgan Stanley from GBX 570 ($7.45) to GBX 680 ($8.89) in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential downside of 4.55% from the company’s current price.

Several other research firms also recently weighed in on JD. Credit Suisse Group increased their price objective on JD Sports Fashion from GBX 680 ($8.89) to GBX 786 ($10.27) and gave the company an “outperform” rating in a report on Thursday, September 12th. Berenberg Bank increased their price target on JD Sports Fashion from GBX 700 ($9.15) to GBX 800 ($10.45) and gave the stock a “buy” rating in a report on Tuesday, September 10th. Peel Hunt reaffirmed a “buy” rating and set a GBX 650 ($8.49) price target on shares of JD Sports Fashion in a report on Wednesday, July 3rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 700 ($9.15) price target (up from GBX 650 ($8.49)) on shares of JD Sports Fashion in a report on Monday, September 9th. Finally, UBS Group increased their price target on JD Sports Fashion from GBX 700 ($9.15) to GBX 790 ($10.32) and gave the stock a “buy” rating in a report on Friday, September 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. JD Sports Fashion currently has an average rating of “Buy” and an average price target of GBX 734.33 ($9.60).

JD stock opened at GBX 712.40 ($9.31) on Tuesday. The company has a market capitalization of $6.93 billion and a P/E ratio of 26.88. JD Sports Fashion has a twelve month low of GBX 318.50 ($4.16) and a twelve month high of GBX 730 ($9.54). The business has a 50 day simple moving average of GBX 628.86 and a 200-day simple moving average of GBX 584.99. The company has a current ratio of 0.94, a quick ratio of 0.37 and a debt-to-equity ratio of 200.92.

In related news, insider Peter Alan Cowgill purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of GBX 613 ($8.01) per share, with a total value of £91,950 ($120,148.96).

About JD Sports Fashion

JD Sports Fashion Plc engages in the retail of branded sports fashionwear, and outdoor clothing and equipment for kids, women, and men. It operates through Sports Fashion and Outdoor segments. The company retails sports and fashion clothing, footwear, equipment, and sports and leisure goods, as well as distributes sports clothing and accessories, footwear and apparel, and rugby clothing and accessories.

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