Credit Suisse Group Raises JD Sports Fashion (LON:JD) Price Target to GBX 786

JD Sports Fashion (LON:JD) had its price target upped by Credit Suisse Group from GBX 680 ($8.89) to GBX 786 ($10.27) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports. Credit Suisse Group currently has an outperform rating on the stock.

A number of other analysts have also recently issued reports on the stock. UBS Group restated a buy rating on shares of JD Sports Fashion in a research note on Friday, August 2nd. Berenberg Bank raised their target price on shares of JD Sports Fashion from GBX 700 ($9.15) to GBX 800 ($10.45) and gave the stock a buy rating in a research note on Tuesday. Shore Capital restated a buy rating on shares of JD Sports Fashion in a research note on Tuesday. Peel Hunt restated a buy rating and set a GBX 700 ($9.15) target price (up previously from GBX 650 ($8.49)) on shares of JD Sports Fashion in a research note on Monday. Finally, Peel Hunt restated a buy rating and set a GBX 650 ($8.49) target price on shares of JD Sports Fashion in a research note on Wednesday, July 3rd. Seven equities research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average target price of GBX 745.20 ($9.74).

Shares of LON JD traded up GBX 18.80 ($0.25) during mid-day trading on Thursday, reaching GBX 728.80 ($9.52). 2,360,526 shares of the company were exchanged, compared to its average volume of 1,330,000. The company’s 50-day simple moving average is GBX 616.02 and its 200-day simple moving average is GBX 576.98. The company has a quick ratio of 0.37, a current ratio of 1.32 and a debt-to-equity ratio of 11.70. The stock has a market capitalization of $7.09 billion and a P/E ratio of 27.09. JD Sports Fashion has a twelve month low of GBX 318.50 ($4.16) and a twelve month high of GBX 653.20 ($8.54).



The business also recently announced a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, November 28th will be paid a dividend of GBX 0.28 ($0.00) per share. This represents a dividend yield of 0.04%. The ex-dividend date is Thursday, November 28th. JD Sports Fashion’s dividend payout ratio is presently 0.07%.

In other JD Sports Fashion news, insider Peter Alan Cowgill purchased 15,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of GBX 613 ($8.01) per share, with a total value of £91,950 ($120,148.96).

JD Sports Fashion Company Profile

JD Sports Fashion Plc engages in the retail of branded sports fashionwear, and outdoor clothing and equipment for kids, women, and men. It operates through Sports Fashion and Outdoor segments. The company retails sports and fashion clothing, footwear, equipment, and sports and leisure goods, as well as distributes sports clothing and accessories, footwear and apparel, and rugby clothing and accessories.

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Analyst Recommendations for JD Sports Fashion (LON:JD)

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