JD Sports Fashion Plc (LON:JD) Receives Consensus Rating of “Hold” from Brokerages

Shares of JD Sports Fashion Plc (LON:JD) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 110.25.

Several analysts have recently commented on JD shares. Deutsche Bank Aktiengesellschaft decreased their target price on JD Sports Fashion from GBX 95 to GBX 85 and set a “hold” rating on the stock in a report on Tuesday, February 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 155 price target on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Royal Bank Of Canada lowered their price objective on shares of JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating for the company in a research report on Monday, February 2nd. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 85 target price on shares of JD Sports Fashion in a research note on Monday, February 2nd. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 200 target price on shares of JD Sports Fashion in a research report on Thursday, November 20th.

JD Sports Fashion Price Performance

JD stock opened at GBX 78.18 on Tuesday. The company’s fifty day simple moving average is GBX 82.47 and its two-hundred day simple moving average is GBX 87.25. The firm has a market cap of £4.05 billion, a PE ratio of 781.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71.

JD Sports Fashion declared that its board has initiated a stock repurchase program on Monday, February 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board 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.