JPMorgan Chase & Co. Cuts JD Sports Fashion (LON:JD) Price Target to GBX 86

JD Sports Fashion (LON:JD) had its price objective lowered by JPMorgan Chase & Co. from GBX 90 to GBX 86 in a report released on Friday, MarketBeat.com reports. The firm currently has a neutral rating on the stock.

JD has been the subject of a number of other reports. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 100 price target on shares of JD Sports Fashion in a research report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 840 price objective on shares of JD Sports Fashion in a report on Wednesday, May 6th. UBS Group reaffirmed a “neutral” rating and set a GBX 94 target price on shares of JD Sports Fashion in a research note on Tuesday, May 5th. Citigroup lowered 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 report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 460 price target on shares of JD Sports Fashion in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 191.89.

JD Sports Fashion Trading Up 5.6%

Shares of JD stock opened at GBX 84.54 on Friday. The firm’s 50 day simple moving average is GBX 87.73 and its two-hundred day simple moving average is GBX 80.07. The company has a market cap of £4.38 billion, a PE ratio of 845.40, a PEG ratio of 1.05 and a beta of 1.65. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23.

Key JD Sports Fashion News

Here are the key news stories impacting JD Sports Fashion this week:

• Positive Sentiment: JD Sports said the Scotland football strip was its best-selling World Cup product, suggesting strong demand for event-driven merchandise and supporting near-term sales momentum. JD Sports reveals Scotland strip as World Cup best seller
• Positive Sentiment: Berenberg retained a Buy rating and continues to see substantial longer-term upside, despite trimming its price target to GBX 150. Broker ratings from Digital Look
• Positive Sentiment: Citigroup raised its price target to GBX 87, indicating a modest improvement in its valuation view, although it maintained a neutral stance. Broker ratings from London Stock Exchange
• Neutral Sentiment: Deutsche Bank reaffirmed its Hold rating with a GBX 95 target, signaling that it sees limited justification for a stronger bullish position until trading improves. Deutsche Bank broker rating
• Neutral Sentiment: JD Sports is bringing Yeezy products back to physical stores in the United States, which could provide additional product availability but also carries uncertain demand and brand-related risks. JD Sports brings Yeezy back to physical retail in US
• Negative Sentiment: Reports of a profits warning were the most important negative catalyst, raising concerns about weaker earnings, intensifying competition and softer trading conditions. Frasers’ expansion at Overgate adds to concerns about competitive pressure in key retail locations. JD Sports profits warning as Frasers boosts Overgate
• Negative Sentiment: JPMorgan cut its price target to GBX 86 and maintained a neutral rating, while Shore Capital reiterated Hold with a much lower GBX 75 target. These revisions reinforce investor concerns about valuation and earnings visibility. JD Sports broker ratings

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. 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.