Shore Capital Reaffirms Buy Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JDGet Rating)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital in a research report issued on Wednesday, MarketBeat reports.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of JD Sports Fashion from GBX 250 ($3.15) to GBX 210 ($2.64) and set an “outperform” rating for the company in a research report on Monday, May 16th. Peel Hunt restated a “buy” rating and issued a GBX 280 ($3.52) price objective on shares of JD Sports Fashion in a research report on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of JD Sports Fashion in a research report on Tuesday, May 3rd. They set a “buy” rating and a GBX 875 ($11.01) price target for the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of JD Sports Fashion in a research report on Thursday. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 285 ($3.59) price target on shares of JD Sports Fashion in a research report on Monday, January 31st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 537.50 ($6.76).

JD opened at GBX 112 ($1.41) on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 113.17. The stock has a market capitalization of £5.78 billion and a PE ratio of 13.49. JD Sports Fashion has a 1-year low of GBX 116.90 ($1.47) and a 1-year high of GBX 235.70 ($2.97). The firm has a 50-day moving average price of GBX 139.57 and a two-hundred day moving average price of GBX 311.13.

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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Analyst Recommendations for JD Sports Fashion (LON:JD)

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