JD Sports Fashion’s (JD) Hold Rating Reiterated at Shore Capital Group

Shore Capital Group reissued their hold rating on shares of JD Sports Fashion (LON:JD) in a report published on Wednesday morning, Marketbeat reports.

A number of other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of JD Sports Fashion from GBX 490 to GBX 460 and set a “sell” rating on the stock in a research report on Monday, March 23rd. UBS Group reiterated a “neutral” rating and issued a GBX 94 target price on shares of JD Sports Fashion in a research report on Friday, January 16th. JPMorgan Chase & Co. restated a “no recommendation” rating on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Citigroup decreased their price objective on shares of 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. Finally, Royal Bank Of Canada decreased their price objective on shares of 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. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, JD Sports Fashion has an average rating of “Hold” and an average price target of GBX 157.13.

JD Sports Fashion Stock Performance

JD Sports Fashion stock opened at GBX 69.94 on Wednesday. The firm’s fifty day moving average is GBX 74.39 and its two-hundred day moving average is GBX 81.59. 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 stock has a market cap of £3.62 billion, a PE ratio of 699.40, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion announced that its Board of Directors has authorized a share repurchase plan on Monday, February 23rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans 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.