JPMorgan Chase & Co. Cuts JD Sports Fashion (LON:JD) Price Target to GBX 180

JD Sports Fashion (LON:JDGet Rating) had its price objective reduced by JPMorgan Chase & Co. from GBX 210 ($2.53) to GBX 180 ($2.17) in a research note released on Tuesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Shore Capital reiterated a buy rating on shares of JD Sports Fashion in a research report on Thursday, July 21st. Peel Hunt reiterated a buy rating and set a GBX 280 ($3.37) price objective on shares of JD Sports Fashion in a research report on Tuesday, April 12th. Barclays reduced their price objective on shares of JD Sports Fashion from GBX 240 ($2.89) to GBX 195 ($2.35) and set an overweight rating on the stock in a research report on Monday, May 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of JD Sports Fashion from GBX 875 ($10.54) to GBX 735 ($8.86) and set a buy rating on the stock in a research report on Thursday, July 14th. Finally, Royal Bank of Canada reiterated an outperform rating and set a GBX 200 ($2.41) price objective on shares of JD Sports Fashion in a research report on Monday, May 30th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, JD Sports Fashion currently has a consensus rating of Moderate Buy and an average price target of GBX 509.38 ($6.14).

JD Sports Fashion Price Performance

Shares of LON:JD opened at GBX 127.75 ($1.54) on Tuesday. The company has a debt-to-equity ratio of 101.34, a current ratio of 1.42 and a quick ratio of 0.75. JD Sports Fashion has a 1-year low of GBX 98.94 ($1.19) and a 1-year high of GBX 235.70 ($2.84). The company has a market capitalization of ¬£6.59 billion and a P/E ratio of 1,984.29. The firm’s 50 day simple moving average is GBX 121.08 and its two-hundred day simple moving average is GBX 145.86.

JD Sports Fashion Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 5th. Investors of record on Thursday, July 7th will be given a GBX 0.35 ($0.00) dividend. This represents a yield of 0.29%. The ex-dividend date is Thursday, July 7th.

JD Sports Fashion Company Profile

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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, watches, jewellery, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel.

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Analyst Recommendations for JD Sports Fashion (LON:JD)

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