JD Sports Fashion (LON:JD) Rating Lowered to “Neutral” at Citigroup

Citigroup lowered shares of JD Sports Fashion (LON:JD) to a neutral rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. They currently have GBX 95 ($1.17) price target on the stock, down from their prior price target of GBX 150 ($1.85).

Several other research firms have also weighed in on JD. JPMorgan Chase & Co. lowered JD Sports Fashion to a “neutral” rating and set a GBX 105 ($1.30) price objective on the stock. in a research note on Friday, November 22nd. Shore Capital reaffirmed a “buy” rating on shares of JD Sports Fashion in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 110 ($1.36) price objective on shares of JD Sports Fashion in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 280 ($3.46).

JD Sports Fashion Price Performance

LON JD opened at GBX 81.70 ($1.01) on Thursday. The business’s fifty day simple moving average is GBX 98.70 and its two-hundred day simple moving average is GBX 120.26. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23. The company has a market capitalization of £4.23 billion, a PE ratio of 817.00, a PEG ratio of 1.05 and a beta of 1.65.

Insiders Place Their Bets

In related news, insider Regis Schultz acquired 109,933 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was acquired at an average cost of GBX 90 ($1.11) per share, for a total transaction of £98,939.70 ($122,208.13). Also, insider Andy Long acquired 31,064 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of GBX 96 ($1.19) per share, with a total value of £29,821.44 ($36,834.78). Insiders own 51.91% 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, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel.