JD Sports Fashion PLC Surges to 52-Week High, Is Now Top Performer

 JD Sports Fashion PLC Surges to 52 Week High, Is Now Top Performer

The stock of JD Sports Fashion PLC (LON:JD) hit a new 52-week high and has GBX 358.45 target or 8.00% above today’s GBX 331.90 share price. The 8 months bullish chart indicates low risk for the GBX 3.25 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the GBX 358.45 price target is reached, the company will be worth GBX 260.00 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 decreased 1.45% or GBX 4.9 on November 30, hitting GBX 331.9. About 2.32 million shares traded hands or 101.74% 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 22.64% 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 340 is the lowest. The GBX 855 average target is 157.61% above today’s (GBX 331.9) stock price. JD Sports Fashion PLC has been the topic of 42 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, September 13 by Peel Hunt. The company was maintained on Wednesday, September 16 by Investec. Peel Hunt downgraded the shares of JD in a report on Tuesday, December 8 to “Add” rating. Peel Hunt maintained JD Sports Fashion PLC (LON:JD) on Friday, April 8 with “Add” rating. Investec maintained the shares of JD in a report on Monday, November 28 with “Buy” rating. Investec maintained it with “Buy” rating and GBX 1100 target price in Monday, January 11 report. On Monday, November 28 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The firm has “Buy” rating by Panmure Gordon given on Tuesday, April 12. The firm earned “Buy” rating on Friday, July 31 by Canaccord Genuity. The rating was maintained by Investec with “Buy” on Friday, March 4.

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 3.25 billion GBP. The Company’s divisions are Sports Fashion and Outdoor. It has a 26.61 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment