Deutsche Bank Aktiengesellschaft Cuts JD Sports Fashion (LON:JD) Price Target to GBX 95

JD Sports Fashion (LON:JD) had its price objective lowered by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 100 to GBX 95 in a research note issued on Friday,Digital Look reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 30.35% from the stock’s previous close.

Other research analysts also recently issued reports about the company. UBS Group reaffirmed a “neutral” rating and set a GBX 84 price target on shares of JD Sports Fashion in a report on Friday, August 15th. Royal Bank Of Canada raised their price target on shares of JD Sports Fashion from GBX 90 to GBX 95 and gave the company an “outperform” rating in a report on Friday, August 8th. Peel Hunt reissued a “buy” rating and set a GBX 200 price objective on shares of JD Sports Fashion in a report on Thursday. Citigroup increased their price objective on shares of JD Sports Fashion from GBX 95 to GBX 104 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Finally, Shore Capital lowered shares of JD Sports Fashion to a “hold” rating and set a GBX 85 target price for the company. in a research note on Monday. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 113.50.

JD Sports Fashion Price Performance

JD Sports Fashion stock traded down GBX 4.40 during mid-day trading on Friday, reaching GBX 72.88. The stock had a trading volume of 34,090,816 shares, compared to its average volume of 393,791. The firm has a market cap of £3.78 billion, a P/E ratio of 728.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The company’s 50 day moving average price is GBX 92.22 and its 200-day moving average price is GBX 88.72.

JD Sports Fashion (LON:JD) last announced its quarterly earnings results on Wednesday, September 24th. The company reported GBX 4.60 earnings per share for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. On average, equities research analysts anticipate that JD Sports Fashion will post 15.037961 earnings per share for the current fiscal year.

JD Sports Fashion declared that its board has authorized a share buyback program on Thursday, September 25th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is 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.