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

JD Sports Fashion Plc (LON:JD) has received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 110.25.

A number of equities analysts have commented on JD shares. UBS Group reaffirmed a “neutral” rating and set a GBX 94 price objective on shares of JD Sports Fashion in a research report on Friday, January 16th. Shore Capital Group reissued a “hold” rating on shares of JD Sports Fashion in a research report on Friday. Citigroup cut their target price on shares of JD Sports Fashion from GBX 87 to GBX 86 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. reiterated a “no recommendation” rating on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada lowered their price target on shares of JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating on the stock in a report on Monday, February 2nd.

JD Sports Fashion Trading Down 0.1%

JD stock opened at GBX 67.84 on Friday. The business’s fifty day simple moving average is GBX 79.49 and its 200 day simple moving average is GBX 85.29. 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 has a market cap of £3.51 billion, a price-to-earnings ratio of 678.40, a PEG ratio of 1.05 and a beta of 1.65.

JD Sports Fashion announced that its Board of Directors has initiated a share repurchase program on Monday, February 23rd that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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. 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.