JD Sports Fashion Plc (LON:JD) Receives Average Rating of “Hold” from Analysts

Shares of JD Sports Fashion Plc (LON:JD) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 157.13.

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on JD Sports Fashion from GBX 490 to GBX 460 and set a “sell” rating for the company in a report on Monday. Royal Bank Of Canada decreased their price target on JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating on the stock in a research report on Monday, February 2nd. Citigroup dropped their price target on JD Sports Fashion from GBX 87 to GBX 86 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. UBS Group reaffirmed a “neutral” rating and set a GBX 94 price objective on shares of JD Sports Fashion in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. reissued a “no recommendation” rating on shares of JD Sports Fashion in a report on Thursday, January 22nd.

JD Sports Fashion Trading Down 2.9%

LON JD opened at GBX 67.30 on Friday. 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 firm has a market capitalization of £3.49 billion, a P/E ratio of 673.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company has a fifty day simple moving average of GBX 78.53 and a 200 day simple moving average of GBX 84.65.

JD Sports Fashion announced that its board has initiated a stock buyback program on Monday, February 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign 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.