JD Sports Fashion Plc (LON:JD) Receives GBX 110.25 Average Target Price from Brokerages

Shares of JD Sports Fashion Plc (LON:JD) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research 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 twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 157.13.

A number of equities analysts recently commented on the company. Royal Bank Of Canada decreased their target price on JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating for the company in a report on Monday, February 2nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 155 price target on shares of JD Sports Fashion in a report on Thursday, January 22nd. Shore Capital Group reissued a “hold” rating on shares of JD Sports Fashion in a research report on Friday, March 20th. JPMorgan Chase & Co. restated a “no recommendation” rating on shares of JD Sports Fashion in a report on Thursday, January 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 94 target price on shares of JD Sports Fashion in a research report on Friday, January 16th.

JD Sports Fashion Stock Performance

LON JD opened at GBX 67.98 on Friday. The stock has a market cap of £3.52 billion, a PE ratio of 679.80, a P/E/G ratio of 1.05 and a beta of 1.65. The stock has a fifty day simple moving average of GBX 77.94 and a 200 day simple moving average of GBX 84.37. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23.

JD Sports Fashion declared that its board has initiated a share buyback program on Monday, February 23rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are 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.