UBS Group Reaffirms “Neutral” Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JD)‘s stock had its “neutral” rating restated by equities research analysts at UBS Group in a note issued to investors on Friday, Marketbeat reports. They currently have a GBX 94 target price on the stock. UBS Group’s price target would indicate a potential upside of 15.11% from the company’s current price.

Several other brokerages have also commented on JD. Peel Hunt restated a “buy” rating and issued a GBX 200 price objective on shares of JD Sports Fashion in a report on Thursday, November 20th. Citigroup increased their price target on shares of JD Sports Fashion from GBX 95 to GBX 104 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Shore Capital cut JD Sports Fashion to a “hold” rating and set a GBX 85 price objective on the stock. in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reduced their target price on JD Sports Fashion from GBX 100 to GBX 95 and set a “hold” rating on the stock in a report on Friday, November 21st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 155 price objective on shares of JD Sports Fashion in a report on Wednesday, September 24th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, JD Sports Fashion has an average rating of “Hold” and a consensus price target of GBX 114.75.

JD Sports Fashion Price Performance

JD opened at GBX 81.66 on Friday. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The firm’s 50 day simple moving average is GBX 81.84 and its 200 day simple moving average is GBX 88.44. The company has a market cap of £4.23 billion, a price-to-earnings ratio of 816.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

JD Sports Fashion declared that its Board of Directors has authorized a share repurchase program on Thursday, September 25th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

JD Sports Fashion Company Profile

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. It offers its products under the JD, Size?, Footpatrol, Finish Line, Shoe Palace, DTLR, Livestock, Sprinter, Sport Zone, Sizeer, JD Gyms, Tessuti, Scotts, Go Outdoors, Blacks, Millets, Tiso, Ultimate Outdoors, Fishing Republic, and Naylors brands.