The stock of JD Sports Fashion PLC (LON:JD) hit a new 52-week high and has GBX 2096.01 target or 50.00% above today’s GBX 1397.34 share price. The 8 months bullish chart indicates low risk for the GBX 2.72 billion company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 2096.01 price target is reached, the company will be worth GBX 1.36 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.83% or GBX 64.34 on September 13, hitting GBX 1397.34. About 1.33 million shares traded hands or 705.08% up from the average. JD Sports Fashion PLC (LON:JD) has risen 29.75% since February 15, 2016 and is uptrending. It has outperformed by 13.26% the S&P500.
Out of 7 analysts covering JD Sports Fashion PLC (LON:JD), 5 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 71% are positive. JD Sports Fashion PLC has been the topic of 33 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Numis Securities maintained the stock on September 13 with “Reduce” rating.
JD Sports Fashion Plc is a multichannel retailer of sports fashion and outdoor brands. The company has a market cap of 2.72 billion GBP. The Company’s divisions are Sports Fashion and Outdoor. It has a 27.86 P/E ratio. The Company’s sports fashion brands include JD, Size?, Chausport, Sprinter, Getthelabel.com, Kooga, Kukri Sports, Source Lab, Scotts, Tessuti, Cloggs, JD Gyms and Nicholas Deakins.
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