JD Sports Fashion Plc (LON:JD) Receives GBX 157.13 Average Target Price from Analysts

Shares of JD Sports Fashion Plc (LON:JD) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 157.13.

A number of brokerages have recently weighed in on JD. Citigroup lowered 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. JPMorgan Chase & Co. restated a “no recommendation” rating on shares of JD Sports Fashion in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of JD Sports Fashion from GBX 490 to GBX 460 and set a “sell” rating on the stock in a report on Monday, March 23rd. Berenberg Bank reissued a “buy” rating and set a GBX 155 price objective on shares of JD Sports Fashion in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada lowered their price objective on JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating for the company in a research note on Monday, February 2nd.

JD Sports Fashion Price Performance

Shares of JD opened at GBX 76.24 on Wednesday. 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 company has a 50 day moving average price of GBX 74.93 and a 200-day moving average price of GBX 82.42. The firm has a market cap of £3.95 billion, a P/E ratio of 762.40, a PEG ratio of 1.05 and a beta of 1.65.

JD Sports Fashion announced that its Board of Directors has approved a stock buyback plan on Monday, February 23rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors 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.