Citigroup Cuts JD Sports Fashion (LON:JD) Price Target to GBX 86

JD Sports Fashion (LON:JD) had its target price cut by analysts at Citigroup from GBX 87 to GBX 86 in a research report issued to clients and investors on Tuesday,Digital Look reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 4.57% from the stock’s previous close.

Several other research firms have also recently commented on JD. Deutsche Bank Aktiengesellschaft cut their price target on JD Sports Fashion from GBX 100 to GBX 95 and set a “hold” rating for the company in a research note on Friday, November 21st. UBS Group restated a “neutral” rating and set a GBX 94 price objective on shares of JD Sports Fashion in a research report on Friday, January 16th. Shore Capital reaffirmed a “hold” rating and issued a GBX 85 target price on shares of JD Sports Fashion in a report on Monday. JPMorgan Chase & Co. reiterated a “no recommendation” rating on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 155 price objective on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 111.50.

JD Sports Fashion Stock Up 0.6%

Shares of JD stock opened at GBX 82.24 on Tuesday. The firm has a 50-day moving average of GBX 81.97 and a 200-day moving average of GBX 87.98. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a market cap of £4.26 billion, a PE ratio of 822.40, a PEG ratio of 1.05 and a beta of 1.65.

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. 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.