JPMorgan Chase & Co. Downgrades JD Sports Fashion (LON:JD) to Neutral

JD Sports Fashion (LON:JD) was downgraded by JPMorgan Chase & Co. to a “neutral” rating in a research note issued on Friday, Marketbeat reports. They presently have a GBX 105 ($1.32) target price on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 12.35% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 110 ($1.38) price objective on shares of JD Sports Fashion in a research report on Friday, August 23rd. Shore Capital restated a “buy” rating on shares of JD Sports Fashion in a report on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 446 ($5.59).

JD Sports Fashion Stock Performance

JD stock opened at GBX 93.46 ($1.17) on Friday. The stock has a 50 day moving average price of GBX 134 and a 200 day moving average price of GBX 128.34. 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 stock has a market cap of £4.84 billion, a PE ratio of 934.60, a P/E/G ratio of 1.05 and a beta of 1.65.

Insiders Place Their Bets

In other JD Sports Fashion news, insider Andy Long purchased 31,064 shares of JD Sports Fashion stock in a transaction on Thursday, November 21st. The shares were purchased at an average cost of GBX 96 ($1.20) per share, with a total value of £29,821.44 ($37,384.28). 51.91% of the stock is currently owned by insiders.

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.