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

JD Sports Fashion Plc (LON:JDGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 127.58 ($1.67) and traded as high as GBX 133.04 ($1.74). JD Sports Fashion shares last traded at GBX 130.50 ($1.71), with a volume of 6,371,729 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JD. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 110 ($1.44) price objective on shares of JD Sports Fashion in a research report on Friday, August 23rd. Shore Capital reissued a “hold” rating on shares of JD Sports Fashion in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 459.40 ($6.01).

Check Out Our Latest Stock Analysis on JD

JD Sports Fashion Stock Performance

The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23. The firm has a market cap of £6.79 billion, a PE ratio of 1,305.00, a P/E/G ratio of 1.05 and a beta of 1.65. The stock’s 50 day moving average price is GBX 138.27 and its 200 day moving average price is GBX 127.58.

About JD Sports Fashion

(Get Free Report)

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.

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