Berenberg Bank Cuts JD Sports Fashion (LON:JD) Price Target to GBX 150

JD Sports Fashion (LON:JD) had its price target trimmed by Berenberg Bank from GBX 155 to GBX 150 in a report released on Friday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 840 target price on shares of JD Sports Fashion in a report on Wednesday, May 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 100 price target on shares of JD Sports Fashion in a research note on Monday, August 3rd. Citigroup cut their price target on shares of JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating on the stock in a report on Wednesday, May 20th. JPMorgan Chase & Co. reduced their price objective on shares of JD Sports Fashion from GBX 90 to GBX 86 and set a “neutral” rating on the stock in a research note on Friday. Finally, Shore Capital Group restated a “hold” rating and issued a GBX 75 price objective on shares of JD Sports Fashion in a report on Thursday. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 191.89.

JD Sports Fashion Price Performance

Shares of LON JD opened at GBX 84.54 on Friday. The firm has a 50-day simple moving average of GBX 87.73 and a 200 day simple moving average of GBX 80.07. The company has a market cap of £4.38 billion, a price-to-earnings ratio of 845.40, a PEG ratio of 1.05 and a beta of 1.65. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23.

More JD Sports Fashion News

Here are the key news stories impacting JD Sports Fashion this week:

• Positive Sentiment: JD Sports said the Scotland football strip was its best-selling World Cup product, suggesting strong demand for event-driven merchandise and supporting near-term sales momentum. JD Sports reveals Scotland strip as World Cup best seller
• Positive Sentiment: Berenberg retained a Buy rating and continues to see substantial longer-term upside, despite trimming its price target to GBX 150. Broker ratings from Digital Look
• Positive Sentiment: Citigroup raised its price target to GBX 87, indicating a modest improvement in its valuation view, although it maintained a neutral stance. Broker ratings from London Stock Exchange
• Neutral Sentiment: Deutsche Bank reaffirmed its Hold rating with a GBX 95 target, signaling that it sees limited justification for a stronger bullish position until trading improves. Deutsche Bank broker rating
• Neutral Sentiment: JD Sports is bringing Yeezy products back to physical stores in the United States, which could provide additional product availability but also carries uncertain demand and brand-related risks. JD Sports brings Yeezy back to physical retail in US
• Negative Sentiment: Reports of a profits warning were the most important negative catalyst, raising concerns about weaker earnings, intensifying competition and softer trading conditions. Frasers’ expansion at Overgate adds to concerns about competitive pressure in key retail locations. JD Sports profits warning as Frasers boosts Overgate
• Negative Sentiment: JPMorgan cut its price target to GBX 86 and maintained a neutral rating, while Shore Capital reiterated Hold with a much lower GBX 75 target. These revisions reinforce investor concerns about valuation and earnings visibility. JD Sports broker ratings

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.