JD Sports Fashion (LON:JD) Given New GBX 104 Price Target at Citigroup

JD Sports Fashion (LON:JD) had its target price lifted by Citigroup from GBX 95 to GBX 104 in a research note released on Friday morning, Marketbeat reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Shore Capital reaffirmed a “buy” rating on shares of JD Sports Fashion in a research report on Thursday, September 25th. UBS Group reaffirmed a “neutral” rating and issued a GBX 84 price objective on shares of JD Sports Fashion in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective on JD Sports Fashion from GBX 85 to GBX 100 and gave the company a “hold” rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. lowered their price objective on JD Sports Fashion from GBX 92 to GBX 90 and set a “neutral” rating on the stock in a research report on Wednesday, September 3rd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 155 price objective on shares of JD Sports Fashion in a research report on Wednesday, September 24th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 104.67.

JD Sports Fashion Stock Up 0.4%

Shares of JD opened at GBX 103.30 on Friday. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42. The stock has a 50 day moving average of GBX 91.34 and a 200 day moving average of GBX 83.96. The company has a market cap of £5.35 billion, a PE ratio of 1,033.00, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last issued its quarterly earnings results on Wednesday, September 24th. The company reported GBX 4.60 EPS 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 year.

JD Sports Fashion announced that its board has authorized a stock buyback plan on Thursday, September 25th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically 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.