JD Sports Fashion (LON:JD) Earns Buy Rating from Berenberg Bank

JD Sports Fashion (LON:JD)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued on Wednesday, Marketbeat.com reports. They currently have a GBX 155 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 76.26% from the company’s previous close.

A number of other research analysts have also weighed in on JD. Citigroup lifted their price target on shares of JD Sports Fashion from GBX 92 to GBX 95 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of JD Sports Fashion from GBX 85 to GBX 100 and gave the company a “hold” rating in a research report on Tuesday, August 19th. UBS Group reissued a “neutral” rating and issued a GBX 84 price target on shares of JD Sports Fashion in a research note on Friday, August 15th. Royal Bank Of Canada boosted their price target on JD Sports Fashion from GBX 90 to GBX 95 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. decreased their price objective on JD Sports Fashion from GBX 92 to GBX 90 and set a “neutral” rating for the company in a report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 103.17.

JD Sports Fashion Price Performance

Shares of JD Sports Fashion stock opened at GBX 87.94 on Wednesday. The company has a market capitalization of £4.56 billion, a P/E ratio of 879.40, a P/E/G 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. The stock has a 50-day simple moving average of GBX 90.42 and a 200-day simple moving average of GBX 83.08.

JD Sports Fashion (LON:JD) last released its quarterly earnings data on Wednesday, September 24th. The company reported GBX 4.60 earnings per share for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. On average, equities analysts anticipate that JD Sports Fashion will post 15.037961 EPS for the current fiscal year.

JD Sports Fashion declared that its Board of Directors has approved a stock repurchase plan on Thursday, September 25th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is 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.