JD Sports Fashion (LON:JD) Share Price Crosses Above Two Hundred Day Moving Average of $121.28

Shares of JD Sports Fashion Plc (LON:JD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 121.28 ($1.60) and traded as high as GBX 140.23 ($1.85). JD Sports Fashion shares last traded at GBX 138.05 ($1.82), with a volume of 5,984,166 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 110 ($1.45) target price on shares of JD Sports Fashion in a report on Friday, August 23rd. Shore Capital restated a “buy” rating on shares of JD Sports Fashion in a research report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 172 ($2.27) target price on shares of JD Sports Fashion in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 459.40 ($6.06).

JD Sports Fashion Stock Performance

The business’s fifty day moving average is GBX 124.14 and its two-hundred day moving average is GBX 121.28. The stock has a market capitalization of £7.15 billion, a PE ratio of 1,380.50, a price-to-earnings-growth ratio of 0.84 and a beta of 1.68. The company has a quick ratio of 0.71, a current ratio of 1.52 and a debt-to-equity ratio of 91.11.

Insider Transactions at JD Sports Fashion

In related news, insider Darren M. Shapland bought 40,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was purchased at an average price of GBX 111 ($1.46) per share, for a total transaction of £44,400 ($58,552.02). Insiders own 51.91% of the company’s stock.

About JD Sports Fashion

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.