JD Sports Fashion PLC (JD) Rating Reiterated by Investec
JD Sports Fashion PLC (LON:JD)‘s stock had its “buy” rating restated by research analysts at Investec in a research note issued to investors on Friday. They currently have a GBX 475 ($6.13) target price on the stock. Investec’s target price would indicate a potential upside of 23.96% from the stock’s previous close.
Several other research firms have also commented on JD. Shore Capital reaffirmed a “buy” rating on shares of JD Sports Fashion PLC in a research report on Wednesday, May 24th. Peel Hunt lifted their target price on shares of JD Sports Fashion PLC from GBX 480 ($6.20) to GBX 500 ($6.46) and gave the company a “buy” rating in a report on Tuesday, May 23rd. Barclays PLC restated an “overweight” rating and issued a GBX 475 ($6.13) price target on shares of JD Sports Fashion PLC in a research note on Monday, June 19th. Finally, Beaufort Securities restated a “buy” rating on shares of JD Sports Fashion PLC in a research note on Wednesday. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of GBX 483.33 ($6.24).
Shares of JD Sports Fashion PLC (LON:JD) opened at 383.20 on Friday. JD Sports Fashion PLC has a 12 month low of GBX 282.40 and a 12 month high of GBX 462.00. The stock’s market capitalization is GBX 3.73 billion. The firm’s 50-day moving average price is GBX 346.71 and its 200-day moving average price is GBX 388.81.
In related news, insider Peter Alan Cowgill bought 30,000 shares of the stock in a transaction on Wednesday, July 5th. The shares were bought at an average cost of GBX 352 ($4.55) per share, for a total transaction of £105,600 ($136,381.25). Also, insider Brian Small bought 10,000 shares of the stock in a transaction on Friday, June 30th. The shares were bought at an average price of GBX 361 ($4.66) per share, for a total transaction of £36,100 ($46,622.76).
JD Sports Fashion PLC Company Profile
JD Sports Fashion Plc is a multichannel retailer of sports fashion and outdoor brands. The Company’s segments are Sports Fashion and Outdoor. The Company’s sports fashion brands include JD, Size?, Chausport, Sprinter, Getthelabel.com, Kooga, Kukri Sports, Source Lab, Scotts, Tessuti, Cloggs, JD Gyms and Nicholas Deakins.
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