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

Shore Capital Group reiterated their hold rating on shares of JD Sports Fashion (LON:JD) in a research report released on Wednesday, Marketbeat.com reports.

Several other research analysts also recently issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a GBX 94 price target on shares of JD Sports Fashion in a research note on Friday, January 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 155 price objective on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Royal Bank Of Canada dropped their target price on shares of JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating for the company in a report on Monday, February 2nd. Citigroup cut their target price on shares of JD Sports Fashion from GBX 87 to GBX 86 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. reiterated a “no recommendation” rating on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 157.13.

JD Sports Fashion Stock Performance

Shares of JD stock opened at GBX 76.40 on Wednesday. The business’s 50-day moving average price is GBX 74.70 and its two-hundred day moving average price is GBX 81.86. 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 firm has a market capitalization of £3.96 billion, a PE ratio of 764.00, a PEG ratio of 1.05 and a beta of 1.65.

JD Sports Fashion declared that its board has initiated a share buyback plan on Monday, February 23rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are 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.