Royal Bank Of Canada Forecasts Strong Price Appreciation for JD Sports Fashion (LON:JD) Stock

JD Sports Fashion (LON:JD) had its price target raised by research analysts at Royal Bank Of Canada from GBX 90 ($1.21) to GBX 95 ($1.28) in a note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 8.32% from the company’s previous close.

A number of other brokerages have also recently commented on JD. Deutsche Bank Aktiengesellschaft upped their price target on shares of JD Sports Fashion from GBX 450 ($6.05) to GBX 490 ($6.59) and gave the company a “sell” rating in a research report on Friday, July 11th. Shore Capital reissued a “hold” rating on shares of JD Sports Fashion in a research report on Wednesday, July 23rd. Berenberg Bank reissued a “buy” rating and set a GBX 128 ($1.72) price objective on shares of JD Sports Fashion in a research report on Thursday, April 10th. Finally, Citigroup increased their price objective on shares of JD Sports Fashion from GBX 83 ($1.12) to GBX 92 ($1.24) and gave the stock a “neutral” rating in a research report on Friday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 182 ($2.45).

JD Sports Fashion Stock Performance

Shares of LON:JD opened at GBX 87.70 ($1.18) on Friday. The business’s 50-day moving average is GBX 83.94 and its two-hundred day moving average is GBX 80.87. The firm has a market capitalization of £4.54 billion, a P/E ratio of 877.00, a PEG ratio of 1.05 and a beta of 1.65. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23.

JD Sports Fashion (LON:JD) last issued its quarterly earnings data on Wednesday, May 21st. The company reported GBX 12.39 ($0.17) earnings per share for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. On average, equities analysts forecast that JD Sports Fashion will post 15.037961 EPS for the current fiscal year.

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.