JD Sports Fashion (LON:JD) Downgraded to “Neutral” Rating by Citigroup

JD Sports Fashion (LON:JD) was downgraded by equities researchers at Citigroup to a “neutral” rating in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 95 ($1.17) target price on the stock, down from their previous target price of GBX 150 ($1.85). Citigroup’s target price points to a potential upside of 14.49% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of JD Sports Fashion in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut JD Sports Fashion to a “neutral” rating and set a GBX 105 ($1.29) price objective for the company. in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 110 ($1.35) price target on shares of JD Sports Fashion in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 280 ($3.45).

JD Sports Fashion Trading Down 0.8 %

LON JD traded down GBX 0.66 ($0.01) during trading hours on Thursday, reaching GBX 82.98 ($1.02). The company had a trading volume of 11,118,555 shares, compared to its average volume of 393,791. The firm has a fifty day moving average price of GBX 99.37 and a 200-day moving average price of GBX 120.52. 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 company has a market capitalization of £4.30 billion, a PE ratio of 829.80, a P/E/G ratio of 1.05 and a beta of 1.65.

Insider Activity

In related news, insider Regis Schultz acquired 109,933 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was acquired at an average price of GBX 90 ($1.11) per share, for a total transaction of £98,939.70 ($121,801.92). Also, insider Andy Long acquired 31,064 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of GBX 96 ($1.18) per share, with a total value of £29,821.44 ($36,712.35). 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.