JD Sports Fashion Plc (LON:JD) Given Average Rating of “Hold” by Analysts

JD Sports Fashion Plc (LON:JD) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 233.

Several equities research analysts have issued reports on JD shares. Shore Capital Group reaffirmed a “hold” rating on shares of JD Sports Fashion in a research note on Wednesday. Citigroup lowered their target price on shares of JD Sports Fashion from GBX 87 to GBX 86 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 840 target price on shares of JD Sports Fashion in a research note on Wednesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 155 target price on shares of JD Sports Fashion in a research note on Friday. Finally, JPMorgan Chase & Co. reissued a “no recommendation” rating on shares of JD Sports Fashion in a research report on Thursday, January 22nd.

JD Sports Fashion Stock Up 2.8%

Shares of JD opened at GBX 75.08 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 business’s 50-day simple moving average is GBX 72.82 and its two-hundred day simple moving average is GBX 79.87. The firm has a market cap of £3.89 billion, a PE ratio of 750.80, a PEG ratio of 1.05 and a beta of 1.65.

JD Sports Fashion declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback 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.