Deutsche Bank Aktiengesellschaft Cuts JD Sports Fashion (LON:JD) Price Target to GBX 460

JD Sports Fashion (LON:JD) had its target price cut by Deutsche Bank Aktiengesellschaft from GBX 490 to GBX 460 in a research report released on Monday morning,London Stock Exchange reports. They currently have a sell rating on the stock.

A number of other equities research analysts have also issued reports on the stock. UBS Group restated a “neutral” rating and set a GBX 94 price target on shares of JD Sports Fashion in a report on Friday, January 16th. Royal Bank Of Canada lowered 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. Citigroup cut their target price on shares of JD Sports Fashion from GBX 87 to GBX 86 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. restated a “no recommendation” rating on shares of JD Sports Fashion in a report on Thursday, January 22nd. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of JD Sports Fashion in a research report on Friday, March 20th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 157.13.

JD Sports Fashion Trading Down 2.9%

JD stock opened at GBX 67.30 on Monday. The firm’s 50 day moving average price is GBX 78.53 and its 200-day moving average price is GBX 84.65. The stock has a market capitalization of £3.49 billion, a price-to-earnings ratio of 673.00, a PEG ratio of 1.05 and a beta of 1.65. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23.

JD Sports Fashion announced that its board has initiated a share repurchase 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 typically a sign 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.