JD Sports Fashion (LON:JD) Receives Buy Rating from Shore Capital

JD Sports Fashion (LON:JDGet Rating)‘s stock had its “buy” rating reissued by analysts at Shore Capital in a research note issued on Thursday, Marketbeat reports.

JD has been the subject of a number of other research reports. Barclays reaffirmed an “overweight” rating and set a GBX 240 ($2.96) target price on shares of JD Sports Fashion in a report on Friday, January 14th. Morgan Stanley reiterated an “equal weight” rating on shares of JD Sports Fashion in a report on Friday, March 25th. Deutsche Bank Aktiengesellschaft started coverage on JD Sports Fashion in a research note on Tuesday, May 3rd. They set a “buy” rating and a GBX 875 ($10.79) price objective on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 285 ($3.51) price target on shares of JD Sports Fashion in a research report on Monday, January 31st. Finally, Peel Hunt restated a “buy” rating and set a GBX 280 ($3.45) price objective on shares of JD Sports Fashion in a research report on Tuesday, April 12th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, JD Sports Fashion presently has a consensus rating of “Buy” and an average target price of GBX 553.75 ($6.83).

Shares of LON:JD opened at GBX 118.90 ($1.47) on Thursday. The stock has a 50 day moving average price of GBX 142.70. JD Sports Fashion has a 1 year low of GBX 121.20 ($1.49) and a 1 year high of GBX 235.70 ($2.91). The company has a debt-to-equity ratio of 113.17, a current ratio of 1.39 and a quick ratio of 0.84. The firm has a market capitalization of £6.13 billion and a price-to-earnings ratio of 14.33.

About JD Sports Fashion (Get Rating)

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, as well as distributes sports apparel and accessories, footwear and apparel, and rugby apparel and accessories.

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