JD Sports Fashion (LON:JD) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

JD Sports Fashion Plc (LON:JD) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 79.53 and traded as high as GBX 95.83. JD Sports Fashion shares last traded at GBX 94.98, with a volume of 16,873,413 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on JD shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 155 price target on shares of JD Sports Fashion in a research note on Thursday, July 2nd. Citigroup cut their target price on shares of JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 840 price target on shares of JD Sports Fashion in a report on Wednesday, May 6th. Shore Capital Group reissued a “hold” rating on shares of JD Sports Fashion in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 100 price objective on shares of JD Sports Fashion in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 233.

JD Sports Fashion Stock Performance

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 stock’s 50-day simple moving average is GBX 86.85 and its 200 day simple moving average is GBX 79.64. The stock has a market capitalization of £4.78 billion, a P/E ratio of 922.00, a PEG ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last released its quarterly earnings data on Monday, May 11th. The company reported GBX 8.63 EPS for the quarter. The firm had revenue of GBX 1,266.20 billion for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. Research analysts expect that JD Sports Fashion Plc will post 15.037961 EPS for the current fiscal year.

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. It offers its products under the JD, Size?, Footpatrol, Finish Line, Shoe Palace, DTLR, Livestock, Sprinter, Sport Zone, Sizeer, JD Gyms, Tessuti, Scotts, Go Outdoors, Blacks, Millets, Tiso, Ultimate Outdoors, Fishing Republic, and Naylors brands.