Shares of JD Sports Fashion Plc (LON:JD – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 151.18 ($1.89) and trades as high as GBX 178.10 ($2.23). JD Sports Fashion shares last traded at GBX 174.60 ($2.19), with a volume of 6,657,396 shares traded.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on JD. Shore Capital restated a “buy” rating on shares of JD Sports Fashion in a research note on Tuesday, May 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 640 ($8.02) price objective on shares of JD Sports Fashion in a report on Monday, March 27th. Royal Bank of Canada raised their target price on JD Sports Fashion from GBX 150 ($1.88) to GBX 185 ($2.32) and gave the stock an “outperform” rating in a report on Thursday, January 19th. Peel Hunt reissued a “hold” rating and issued a GBX 700 ($8.77) price objective on shares of JD Sports Fashion in a report on Thursday, April 6th. Finally, JPMorgan Chase & Co. raised their target price on JD Sports Fashion from GBX 205 ($2.57) to GBX 210 ($2.63) and gave the company an “overweight” rating in a research report on Tuesday, February 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 345.63 ($4.33).
JD Sports Fashion Stock Performance
The company has a debt-to-equity ratio of 91.09, a current ratio of 1.50 and a quick ratio of 0.71. The company has a market cap of £8.82 billion, a P/E ratio of 2,494.29, a PEG ratio of 1.35 and a beta of 1.61. The stock has a fifty day moving average price of GBX 167.53 and a two hundred day moving average price of GBX 151.18.
Insiders Place Their Bets
In other news, insider Ian Dyson bought 40,000 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was purchased at an average price of GBX 171 ($2.14) per share, with a total value of £68,400 ($85,682.07). Corporate insiders own 52.13% 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, watches, jewelery, camping goods, boats and bicycles, as well as distributes sports apparel and accessories, footwear and apparel.
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