JD Sports Fashion (LON:JD) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of JD Sports Fashion (LON:JD) to a neutral rating in a report published on Friday, Marketbeat.com reports. JPMorgan Chase & Co. currently has GBX 105 ($1.32) price objective on the stock.

Other equities analysts have also recently issued reports about the stock. Shore Capital reissued a “buy” rating on shares of JD Sports Fashion in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 110 ($1.38) price objective on shares of JD Sports Fashion in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 446 ($5.60).

JD Sports Fashion Stock Performance

Shares of JD stock opened at GBX 102.80 ($1.29) on Friday. The company has a market capitalization of £5.33 billion, a PE ratio of 934.60, a PEG ratio of 1.05 and a beta of 1.65. 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 50-day simple moving average of GBX 134 and a 200 day simple moving average of GBX 128.49.

JD Sports Fashion Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 7th will be given a dividend of GBX 0.33 ($0.00) per share. The ex-dividend date is Thursday, November 7th. This represents a yield of 0.25%. JD Sports Fashion’s dividend payout ratio (DPR) is presently 1,000.00%.

Insiders Place Their Bets

In other news, insider Andy Long bought 31,064 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost of GBX 96 ($1.21) per share, with a total value of £29,821.44 ($37,454.71). Insiders own 51.91% of the company’s stock.

About JD Sports Fashion

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.