The stock of JD Sports Fashion PLC (LON:JD) hit a new 52-week low and has GBX 314.37 target or 7.00% below today’s GBX 338.03 share price. The 5 months bearish chart indicates high risk for the GBX 657.97 million company. The 1-year low was reported on Nov, 29 by Barchart.com. If the GBX 314.37 price target is reached, the company will be worth GBX 46.06 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 1.66% or GBX 5.53 on November 29, hitting GBX 338.03. About 1.38 million shares traded hands or 497.45% up from the average. JD Sports Fashion PLC (LON:JD) has risen 27.86% since April 29, 2016 and is uptrending. It has outperformed by 22.60% 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. JD Sports Fashion PLC has been the topic of 42 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald maintained the shares of JD in a report on Monday, November 28 with “Buy” rating. Beaufort Securities maintained the shares of JD in a report on Monday, August 3 with “Buy” rating. The rating was maintained by Investec with “Buy” on Friday, March 4. The stock of JD Sports Fashion PLC (LON:JD) has “Hold” rating given on Wednesday, September 16 by N+1 Singer. The rating was maintained by Panmure Gordon with “Buy” on Thursday, April 14. The firm has “Buy” rating by Beaufort Securities given on Friday, April 15. The stock has “Buy” rating given by Investec on Tuesday, September 13. The stock of JD Sports Fashion PLC (LON:JD) earned “Buy” rating by Cantor Fitzgerald on Friday, December 4. As per Thursday, July 28, the company rating was maintained by Investec. The firm has “Reduce” rating given on Tuesday, September 13 by Numis Securities.
More important recent JD Sports Fashion PLC (LON:JD) news were published by: Fool.Co.Uk which released: “Are JD Sports Fashion plc, John Wood Group plc and UBM plc ‘screaming buys …” on June 17, 2016, also Bloomberg.com published article titled: “JD Sports Leaves Ashley Trailing With ‘Astonishing’ Growth”, 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) was released by: Fool.Co.Uk and their article: “Will JD Sports Fashion PLC (+91%), Supergroup PLC (+80%) & Ted Baker plc (+56 …” with publication date: November 24, 2015.
JD Sports Fashion Plc is a multichannel retailer of sports fashion and outdoor brands. The company has a market cap of 657.97 million GBP. The Company’s divisions are Sports Fashion and Outdoor. It has a 5.42 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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