JD Sports Fashion (LON:JD) Shares Pass Above 200-Day Moving Average – Should You Sell?

JD Sports Fashion Plc (LON:JD)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 127.94 ($1.66) and traded as high as GBX 139.10 ($1.81). JD Sports Fashion shares last traded at GBX 136.60 ($1.77), with a volume of 3,457,818 shares trading hands.

Analyst Upgrades and Downgrades

JD has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 110 ($1.43) price objective on shares of JD Sports Fashion in a research note on Friday, August 23rd. Shore Capital reissued a “hold” rating on shares of JD Sports Fashion in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, JD Sports Fashion has a consensus rating of “Moderate Buy” and an average target price of GBX 459.40 ($5.96).

JD Sports Fashion Stock Down 1.9 %

The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The company has a market capitalization of £6.94 billion, a P/E ratio of 1,366.00, a PEG ratio of 1.05 and a beta of 1.65. The company has a 50 day moving average of GBX 139.54 and a 200-day moving average of GBX 127.94.

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.