Credit Suisse Group cuts target price for JD Sports Fashion (OTCMKTS:JDSPY) to 200 GBX

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JD Sports Fashion (OTCMKTS: JDSPY – Get Note) saw its target price drop by Credit Suisse Group research analysts from GBX 260 ($3.26) to GBX 200 ($2.51) in a research note released Friday to investors, reports The Fly.

JDSPY has been the subject of several other research reports. JPMorgan Chase & Co. cut its price target on JD Sports Fashion shares from 300 GBX ($3.76) to 255 GBX ($3.20) in a Wednesday May 18 research note. Berenberg Bank cut its price target on JD Sports Fashion shares from GBX 285 ($3.57) to GBX 200 ($2.51) in a research note on Tuesday. One research analyst rated the stock with a hold rating and four gave the company a buy rating. According to data from MarketBeat, JD Sports Fashion currently has an average rating of “Buy” and an average price target of $232.00.

JDSPY stock was flat at $1.41 during Friday’s trading. 11,798 shares of the company were traded, against an average volume of 14,434. JD Sports Fashion has a 52-week low of $1.37 and a 52-week high of $3.79. The 50-day moving average price of the stock is $1.68.

About JD Sports Mode (Get an assessment)

JD Sports Fashion plc is engaged in the retail sale of brand name sports and outdoor clothing, footwear, accessories and equipment for children, women and men. It operates through Sports Fashion and Outdoor segments. The company also sells leisure items and distributes sports apparel and accessories, footwear and apparel, and rugby apparel and accessories.

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