Berenberg Bank Reiterates “Buy” Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JD)‘s stock had its “buy” rating reissued by Berenberg Bank in a note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 155 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 87.56% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on JD Sports Fashion from GBX 100 to GBX 95 and set a “hold” rating on the stock in a research report on Friday, November 21st. UBS Group restated a “neutral” rating and issued a GBX 94 target price on shares of JD Sports Fashion in a research note on Friday, January 16th. Citigroup upped their target price on shares of JD Sports Fashion from GBX 95 to GBX 104 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Peel Hunt reissued a “buy” rating and set a GBX 200 price target on shares of JD Sports Fashion in a report on Thursday, November 20th. Finally, Shore Capital restated a “hold” rating on shares of JD Sports Fashion in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 114.75.

JD Sports Fashion Price Performance

Shares of JD Sports Fashion stock opened at GBX 82.64 on Thursday. The firm has a fifty day moving average of GBX 81.46 and a two-hundred day moving average of GBX 88.13. 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 company has a market cap of £4.28 billion, a P/E ratio of 826.40, a PEG ratio of 1.05 and a beta of 1.65.

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.