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 research note published on Thursday morning,London Stock Exchange reports.

Several other analysts have also recently issued reports on JD. JPMorgan Chase & Co. reaffirmed a “no recommendation” rating on shares of JD Sports Fashion in a report on Thursday, January 22nd. Royal Bank Of Canada reduced their price target 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. UBS Group reaffirmed a “neutral” rating and set a GBX 94 price target on shares of JD Sports Fashion in a research note on Friday, January 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 155 price objective on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Finally, Citigroup dropped their price objective on shares of 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. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, JD Sports Fashion presently has a consensus rating of “Hold” and a consensus price target of GBX 157.13.

JD Sports Fashion Trading Up 0.0%

LON:JD opened at GBX 70.52 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23. The stock has a market capitalization of £3.65 billion, a P/E ratio of 705.20, a P/E/G ratio of 1.05 and a beta of 1.65. The stock has a 50 day moving average price of GBX 76.77 and a 200-day moving average price of GBX 83.50.

JD Sports Fashion declared that its board has initiated a share buyback plan on Monday, February 23rd that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

About JD Sports Fashion

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.