JD Sports Fashion’s (JD) Neutral Rating Reaffirmed at UBS Group

JD Sports Fashion (LON:JD)‘s stock had its “neutral” rating reiterated by analysts at UBS Group in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 94 price target on the stock. UBS Group’s price target indicates a potential upside of 10.85% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 155 target price on shares of JD Sports Fashion in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of JD Sports Fashion from GBX 100 to GBX 95 and set a “hold” rating on the stock in a research report on Friday, November 21st. Citigroup lifted their price objective on shares of JD Sports Fashion from GBX 95 to GBX 104 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Peel Hunt reiterated a “buy” rating and set a GBX 200 target price on shares of JD Sports Fashion in a research note on Thursday, November 20th. Finally, Shore Capital lowered JD Sports Fashion to a “hold” rating and set a GBX 85 price target on the stock. in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, JD Sports Fashion currently has a consensus rating of “Hold” and a consensus target price of GBX 114.75.

JD Sports Fashion Trading Up 1.7%

Shares of LON JD traded up GBX 1.40 during trading hours on Friday, reaching GBX 84.80. The stock had a trading volume of 39,784,803 shares, compared to its average volume of 393,791. The business’s fifty day simple moving average is GBX 81.84 and its 200-day simple moving average is GBX 88.48. The stock has a market capitalization of £4.39 billion, a price-to-earnings ratio of 848.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42.

JD Sports Fashion announced that its Board of Directors has authorized a stock buyback plan on Thursday, September 25th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership 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.