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

JD Sports Fashion (LON:JD)‘s stock had its “overweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, LSE.Co.UK reports. They presently have a GBX 172 ($2.19) price target on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 38.26% from the stock’s current price.

A number of other analysts also recently weighed in on JD. Citigroup reissued a “buy” rating and issued a GBX 925 ($11.78) price target on shares of JD Sports Fashion in a report on Tuesday, April 23rd. Shore Capital reissued a “buy” rating on shares of JD Sports Fashion in a report on Wednesday, May 29th. Jefferies Financial Group increased their price target on shares of JD Sports Fashion from GBX 900 ($11.46) to GBX 925 ($11.78) and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Barclays raised their price objective on shares of JD Sports Fashion from GBX 150 ($1.91) to GBX 165 ($2.10) and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, JD Sports Fashion presently has an average rating of “Buy” and an average price target of GBX 479.40 ($6.10).

JD Sports Fashion Stock Performance

LON:JD opened at GBX 124.40 ($1.58) on Tuesday. JD Sports Fashion has a 1 year low of GBX 103 ($1.31) and a 1 year high of GBX 177.75 ($2.26). The firm’s fifty day simple moving average is GBX 122.43 and its 200 day simple moving average is GBX 127.63. The company has a current ratio of 1.36, a quick ratio of 0.71 and a debt-to-equity ratio of 95.32. The firm has a market capitalization of £6.44 billion, a PE ratio of 3,090.00, a PEG ratio of 0.96 and a beta of 1.57.

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.