Berenberg Bank Reaffirms “Buy” Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JD – Get Free Report)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They currently have a GBX 155 target price on the stock. Berenberg Bank’s target price indicates a potential upside of 84.04% from the company’s previous close.

Several other analysts also recently weighed in on JD. Citigroup dropped their price target on JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 100 target price on shares of JD Sports Fashion in a report on Tuesday, June 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 840 price target on shares of JD Sports Fashion in a report on Wednesday, May 6th. Shore Capital Group reiterated a “hold” rating and issued a GBX 75 price target on shares of JD Sports Fashion in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 460 price target on shares of JD Sports Fashion in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, JD Sports Fashion has a consensus rating of “Hold” and an average target price of GBX 233.

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JD Sports Fashion Trading Down 0.6%

LON JD opened at GBX 84.22 on Thursday. The business has a 50-day moving average of GBX 78.78 and a two-hundred day moving average of GBX 78.68. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23. The stock has a market capitalization of £4.36 billion, a PE ratio of 842.20, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported GBX 8.63 earnings per share for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. The firm had revenue of GBX 1,266.20 billion for the quarter. As a group, sell-side analysts forecast that JD Sports Fashion will post 15.037961 earnings per share for the current year.

About JD Sports Fashion

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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.

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