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

JD Sports Fashion (LON:JD)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital Group in a research report issued on Friday,London Stock Exchange reports.

Several other research firms have also recently weighed in on JD. UBS Group reissued a “neutral” rating and set a GBX 94 price target on shares of JD Sports Fashion in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft cut their price objective on JD Sports Fashion from GBX 95 to GBX 85 and set a “hold” rating for the company in a report on Tuesday, February 3rd. Royal Bank Of Canada lowered 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. Citigroup dropped their target price on JD Sports Fashion from GBX 87 to GBX 86 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Finally, Peel Hunt restated a “buy” rating and set a GBX 200 price target on shares of JD Sports Fashion in a research note on Thursday, November 20th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 110.25.

JD Sports Fashion Trading Down 0.1%

Shares of JD stock opened at GBX 67.84 on Friday. 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 market capitalization of £3.51 billion, a PE ratio of 678.40, a P/E/G ratio of 1.05 and a beta of 1.65. The stock has a 50-day moving average of GBX 79.49 and a 200 day moving average of GBX 85.21.

JD Sports Fashion declared that its board has authorized a stock buyback plan on Monday, February 23rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

About JD Sports Fashion

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.