JD Sports Fashion (LON:JD - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Shore Capital in a report issued on Thursday, Marketbeat.com reports.
Several other research analysts have also commented on JD. Citigroup lowered JD Sports Fashion to a "neutral" rating and cut their price objective for the company from GBX 150 ($1.98) to GBX 95 ($1.25) in a research report on Thursday, January 23rd. Berenberg Bank reaffirmed a "buy" rating and set a GBX 128 ($1.69) price target on shares of JD Sports Fashion in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of GBX 109.50 ($1.44).
Check Out Our Latest Analysis on JD
JD Sports Fashion Stock Up 2.0 %
Shares of LON JD traded up GBX 1.44 ($0.02) during midday trading on Thursday, hitting GBX 73.56 ($0.97). The stock had a trading volume of 10,190,929 shares, compared to its average volume of 393,791. The business has a fifty day moving average of GBX 76.29 and a two-hundred day moving average of GBX 97.89. The company has a market cap of £3.81 billion, a P/E ratio of 735.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23.
JD Sports Fashion announced that its Board of Directors has initiated a stock buyback plan on Thursday, April 10th 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. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.
JD Sports Fashion Company Profile
(
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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.
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