JD Sports Fashion (LON:JD) Given Buy Rating at Berenberg Bank

JD Sports Fashion (LON:JD)‘s stock had its “buy” rating reiterated by Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 155 price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 84.04% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 75 price objective on shares of JD Sports Fashion in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and set a GBX 840 target price on shares of JD Sports Fashion in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 460 price target on shares of JD Sports Fashion in a research note on Thursday, May 7th. Citigroup reduced their price target on JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating for the company in a report on Wednesday, May 20th. Finally, UBS Group reiterated a “neutral” rating and set a GBX 94 price target on shares of JD Sports Fashion in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 233.

JD Sports Fashion Price Performance

LON:JD opened at GBX 84.22 on Thursday. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42. The stock has a market cap of £4.36 billion, a price-to-earnings ratio of 842.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company’s fifty day moving average price is GBX 78.78 and its 200 day moving average price is GBX 78.68.

JD Sports Fashion (LON:JD) last announced its quarterly earnings results on Monday, May 11th. The company reported GBX 8.63 earnings per share (EPS) for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. The firm had revenue of GBX 1,266.20 billion for the quarter. On average, sell-side analysts anticipate that JD Sports Fashion will post 15.037961 earnings per share for the current fiscal year.

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.