JD Sports Fashion Plc (LON:JD) Receives GBX 113.50 Average PT from Brokerages

JD Sports Fashion Plc (LON:JD) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 113.50.

A number of research firms have recently commented on JD. Berenberg Bank reissued a “buy” rating and issued a GBX 155 target price on shares of JD Sports Fashion in a research note on Wednesday, September 24th. Shore Capital downgraded shares of JD Sports Fashion to a “hold” rating and set a GBX 85 price objective on the stock. in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of JD Sports Fashion from GBX 100 to GBX 95 and set a “hold” rating for the company in a research note on Friday, November 21st. Citigroup upped their target price on shares of JD Sports Fashion from GBX 95 to GBX 104 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 200 price target on shares of JD Sports Fashion in a report on Thursday, November 20th.

JD Sports Fashion Stock Up 0.2%

JD Sports Fashion stock opened at GBX 84.24 on Monday. 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 stock has a market cap of £4.36 billion, a P/E ratio of 842.40, a P/E/G ratio of 1.05 and a beta of 1.65. The stock has a fifty day moving average of GBX 82.17 and a 200 day moving average of GBX 88.28.

JD Sports Fashion declared that its board has initiated a stock repurchase plan on Thursday, September 25th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management 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. 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.