Shore Capital Group Reiterates “Hold” Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JD)‘s stock had its “hold” rating restated by Shore Capital Group in a research note issued on Thursday,London Stock Exchange reports.

JD has been the topic of several other reports. Berenberg Bank restated a “buy” rating and issued a GBX 155 price target on shares of JD Sports Fashion in a research report on Thursday, January 22nd. JPMorgan Chase & Co. reissued a “no recommendation” rating on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Royal Bank Of Canada reduced their target price on JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating on the stock in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on JD Sports Fashion from GBX 490 to GBX 460 and set a “sell” rating for the company in a research report on Monday, March 23rd. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 94 price target on shares of JD Sports Fashion in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, JD Sports Fashion presently has a consensus rating of “Hold” and a consensus price target of GBX 157.13.

JD Sports Fashion Stock Performance

JD Sports Fashion stock opened at GBX 70.52 on Thursday. 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 business has a 50 day moving average price of GBX 76.77 and a 200 day moving average price of GBX 83.56. The firm has a market cap of £3.65 billion, a price-to-earnings ratio of 705.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

JD Sports Fashion announced that its board has approved a stock repurchase plan on Monday, February 23rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management 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. It offers its products under the JD, Size?, Footpatrol, Finish Line, Shoe Palace, DTLR, Livestock, Sprinter, Sport Zone, Sizeer, JD Gyms, Tessuti, Scotts, Go Outdoors, Blacks, Millets, Tiso, Ultimate Outdoors, Fishing Republic, and Naylors brands.