JD Sports Fashion’s (JD) “Sell” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

JD Sports Fashion (LON:JD)‘s stock had its “sell” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a report issued on Thursday,London Stock Exchange reports. They presently have a GBX 460 target price on the stock.

Several other research analysts also recently issued reports on JD. Citigroup dropped 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 research report on Thursday, January 22nd. UBS Group restated a “neutral” rating and set a GBX 94 price objective on shares of JD Sports Fashion in a research report on Tuesday. Berenberg Bank restated 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, Shore Capital Group restated a “hold” rating on shares of JD Sports Fashion in a research report on Wednesday. Three 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 233.

JD Sports Fashion Stock Up 4.2%

Shares of LON JD traded up GBX 2.72 during midday trading on Thursday, hitting GBX 68. The stock had a trading volume of 15,842,903 shares, compared to its average volume of 393,791. The firm’s 50 day moving average is GBX 73.07 and its 200 day moving average is GBX 80.07. The stock has a market cap of £3.52 billion, a P/E ratio of 680.00, a P/E/G ratio of 1.05 and a beta of 1.65. 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 authorized a stock buyback program on Monday, February 23rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management 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.