The stock of JD Sports Fashion PLC (LON:JD) hit a new 52-week high and has GBX 1959.68 target or 25.00% above today’s GBX 1567.74 share price. The 7 months bullish chart indicates low risk for the GBX 3.05B company. The 1-year high was reported on Nov, 8 by Barchart.com. If the GBX 1959.68 price target is reached, the company will be worth GBX 762.50 million 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 0.18% or GBX 2.74 on November 8, hitting GBX 1567.74. About 174,291 shares traded hands. JD Sports Fashion PLC (LON:JD) has declined 72.62% since April 11, 2016 and is downtrending. It has underperformed by 74.57% the S&P500.
JD Sports Fashion PLC (LON:JD) Ratings Coverage
Out of 8 analysts covering JD Sports Fashion PLC (LON:JD), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. GBX 1700 is the highest target while GBX 725 is the lowest. The GBX 1225.71 average target is -21.82% below today’s (GBX 1567.74) stock price. JD Sports Fashion PLC has been the topic of 39 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Thursday, July 28 the stock rating was maintained by Peel Hunt with “Buy”. On Friday, June 17 the stock rating was maintained by Peel Hunt with “Buy”. Cantor Fitzgerald maintained the shares of JD in a report on Wednesday, September 16 with “Buy” rating. The rating was maintained by Peel Hunt on Friday, November 27 with “Buy”. Beaufort Securities maintained the stock with “Buy” rating in Thursday, September 17 report. The company was maintained on Wednesday, September 14 by Beaufort Securities. The stock has “Add” rating given by Peel Hunt on Tuesday, December 8. As per Thursday, January 7, the company rating was maintained by Peel Hunt. Investec maintained it with “Buy” rating and GBX 900 target price in Friday, July 31 report. The firm has “Buy” rating by Cantor Fitzgerald given on Monday, January 11.
More notable recent JD Sports Fashion PLC (LON:JD) news were published by: Bloomberg.com which released: “JD Sports Leaves Ashley Trailing With ‘Astonishing’ Growth” on September 13, 2016, also Fool.Co.Uk with their article: “Are JD Sports Fashion plc, John Wood Group plc and UBM plc ‘screaming buys …” published on June 17, 2016, Fool.Co.Uk published: “Should you stick with MASSIVE gainers JD Sports Fashion plc, Domino’s Pizza …” on June 13, 2016. More interesting news about JD Sports Fashion PLC (LON:JD) were released by: Fool.Co.Uk and their article: “Will JD Sports Fashion PLC (+91%), Supergroup PLC (+80%) & Ted Baker plc (+56 …” published on November 24, 2015 as well as Fool.Co.Uk‘s news article titled: “Will Debenhams Plc And JD Sports Fashion PLC Outperform WM Morrison …” with publication date: April 14, 2016.
JD Sports Fashion Plc is a multichannel retailer of sports fashion and outdoor brands. The company has a market cap of 3.05 billion GBP. The Company’s divisions are Sports Fashion and Outdoor. It has a 25.14 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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