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

JD Sports Fashion Plc (LON:JD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 80.43 and traded as high as GBX 80.82. JD Sports Fashion shares last traded at GBX 79.64, with a volume of 14,441,858 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JD. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 100 target price on shares of JD Sports Fashion in a research note on Monday, August 3rd. Shore Capital Group reiterated a “hold” rating and issued a GBX 75 price target on shares of JD Sports Fashion in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 95 price objective on shares of JD Sports Fashion in a research report on Thursday, September 3rd. Citigroup upped their price objective on shares of JD Sports Fashion from GBX 83 to GBX 87 and gave the stock a “neutral” rating in a report on Friday, August 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of JD Sports Fashion from GBX 90 to GBX 86 and set a “neutral” rating for the company in a research report on Friday, August 21st. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 191.89.

JD Sports Fashion Price Performance

The stock has a market cap of £4.05 billion, a P/E ratio of 781.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42. The firm has a 50-day moving average price of GBX 87.35 and a 200-day moving average price of GBX 80.42.

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.