JD Sports Fashion (OTCMKTS:JDSPY) Shares Climb 5% – Still a Buy?

JD Sports Fashion Plc (OTCMKTS:JDSPY)’s share price shot up 5% on Wednesday. The stock traded as high as $1.26 and last traded at $1.26. 2,321 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 12,890 shares. The stock had previously closed at $1.20.

Analysts Set New Price Targets

A number of research firms have recently commented on JDSPY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of JD Sports Fashion in a research note on Tuesday, July 14th. BNP Paribas Exane raised shares of JD Sports Fashion from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. Royal Bank Of Canada cut JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a report on Monday, August 3rd. Barclays raised shares of JD Sports Fashion to a “hold” rating in a report on Wednesday, September 2nd. Finally, Citigroup reissued a “neutral” rating on shares of JD Sports Fashion in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, JD Sports Fashion presently has an average rating of “Hold”.

JD Sports Fashion Stock Up 0.4%

The company has a fifty day moving average of $1.09 and a 200 day moving average of $1.06.

JD Sports Fashion Company Profile

JD Sports Fashion plc is a United Kingdom-based retailer specializing in sports-inspired footwear, apparel and accessories. Its product range includes athletic shoes, trainers, clothing and related accessories from major global sportswear brands, as well as products sold under its own retail and exclusive-label offerings.

The company operates through a portfolio of retail banners, led by JD Sports. Other brands have included Size?, Finish Line, DTLR and Hibbett, serving customers through physical stores and e-commerce platforms.