JD Sports Fashion (LON:JD) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

JD Sports Fashion Plc (LON:JD) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 80.22 and traded as high as GBX 88.88. JD Sports Fashion shares last traded at GBX 86.44, with a volume of 10,080,128 shares changing hands.

Analyst Ratings Changes

Several brokerages recently weighed in on JD. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 100 price objective on shares of JD Sports Fashion in a research report on Monday, August 3rd. JPMorgan Chase & Co. decreased their price target on JD Sports Fashion from GBX 90 to GBX 86 and set a “neutral” rating on the stock in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 95 price target on shares of JD Sports Fashion in a report on Friday, August 21st. UBS Group reissued a “neutral” rating and set a GBX 94 price objective on shares of JD Sports Fashion in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 840 price objective on shares of JD Sports Fashion in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, JD Sports Fashion presently has an average rating of “Hold” and an average target price of GBX 191.89.

JD Sports Fashion Price Performance

The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42. The stock has a market cap of £4.49 billion, a PE ratio of 867.00, a PEG ratio of 1.05 and a beta of 1.65. The stock’s 50-day moving average is GBX 87.70 and its two-hundred day moving average is GBX 80.22.

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.