Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for JD Sports Fashion (LON:JD) Stock

JD Sports Fashion (LON:JD) had its price objective boosted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 85 to GBX 100 in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 6.50% from the company’s previous close.

A number of other equities research analysts also recently issued reports on JD. Citigroup boosted their price objective on shares of JD Sports Fashion from GBX 83 to GBX 92 and gave the company a “neutral” rating in a research report on Friday, August 1st. Shore Capital reaffirmed a “hold” rating on shares of JD Sports Fashion in a report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on JD Sports Fashion from GBX 90 to GBX 95 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, UBS Group restated a “neutral” rating and issued a GBX 84 price target on shares of JD Sports Fashion in a research report on Friday, August 15th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 100.67.

JD Sports Fashion Stock Up 6.9%

Shares of LON:JD opened at GBX 93.90 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23. The company has a market cap of £4.86 billion, a PE ratio of 939.00, a PEG ratio of 1.05 and a beta of 1.65. The business has a fifty day simple moving average of GBX 85.01 and a 200 day simple moving average of GBX 81.15.

JD Sports Fashion (LON:JD) last announced its earnings results on Wednesday, May 21st. The company reported GBX 12.39 earnings per share (EPS) for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. Analysts expect that JD Sports Fashion will post 15.037961 earnings per share for the current fiscal year.

JD Sports Fashion Company Profile

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.