JPMorgan Chase & Co. Reiterates “Overweight” Rating for JD Sports Fashion plc (JD.L) (LON:JD)


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JD Sports Fashion plc (JD.L) (LON:JD)‘s stock had its “overweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a report issued on Tuesday, AR Network reports. They presently have a GBX 1,100 ($14.37) price objective on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 28.50% from the stock’s previous close.

JD has been the subject of a number of other reports. Berenberg Bank upped their target price on JD Sports Fashion plc (JD.L) from GBX 900 ($11.76) to GBX 975 ($12.74) and gave the company a “buy” rating in a research report on Tuesday, December 15th. Shore Capital reaffirmed a “buy” rating on shares of JD Sports Fashion plc (JD.L) in a research note on Monday, November 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 863 ($11.28).

Shares of LON JD opened at GBX 856 ($11.18) on Tuesday. The stock has a market cap of £8.33 billion and a PE ratio of 43.90. The company has a quick ratio of 0.74, a current ratio of 1.18 and a debt-to-equity ratio of 156.91. JD Sports Fashion plc has a 52-week low of GBX 274.70 ($3.59) and a 52-week high of GBX 923.20 ($12.06). The business has a 50-day moving average price of GBX 815.44 and a 200 day moving average price of GBX 752.33.

In other news, insider Peter Alan Cowgill sold 2,587,326 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of GBX 746 ($9.75), for a total transaction of £19,301,451.96 ($25,217,470.55).

JD Sports Fashion plc (JD.L) Company Profile

JD Sports Fashion plc engages in the retail of branded sports fashionwear, 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, as well as distributes sports apparel and accessories, footwear and apparel, and rugby apparel and accessories.

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Analyst Recommendations for JD Sports Fashion plc (JD.L) (LON:JD)

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