JD Sports Fashion’s (JD) “Buy” Rating Reiterated at Shore Capital

JD Sports Fashion (LON:JD – Get Rating)‘s stock had its “buy” rating restated by equities researchers at Shore Capital in a research report issued on Wednesday, LSE.Co.UK reports.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada restated an “outperform” rating and issued a GBX 200 ($2.42) price objective on shares of JD Sports Fashion in a report on Monday, May 30th. Deutsche Bank Aktiengesellschaft reduced their price target on JD Sports Fashion from GBX 875 ($10.57) to GBX 735 ($8.88) and set a “buy” rating on the stock in a research report on Thursday, July 14th. JPMorgan Chase & Co. dropped their price objective on JD Sports Fashion from GBX 210 ($2.54) to GBX 180 ($2.17) and set an “overweight” rating for the company in a report on Tuesday, July 26th. Finally, Berenberg Bank reduced their target price on JD Sports Fashion from GBX 200 ($2.42 ) to GBX 180 ($2.17) and set a “buy” rating on the stock in a report on Tuesday, September 6th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 496.25 ($6.00).

JD Sports Fashion Stock Performance

Shares of LON: JD opened at GBX 122.90 ($1.49) on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 101.34. JD Sports Fashion has a 1-year low of GBX 98.94 ($1.20) and a 1-year high of GBX 235.70 ($2.85). The stock has a market capitalization of £6.34 billion and a P/E ratio of 1,755.71. The business has a 50-day moving average price of GBX 126.44 and a two-hundred day moving average price of GBX 129.61.

Insider Activity

In related news, insider Andy Higginson purchased 292,725 shares of the business’s stock in a transaction on Monday, August 8th. The shares were purchased at an average price of GBX 133 ($1.61) per share, with a total value of £389,324.25 ($470,425.63) .

JD Sports Fashion Company Profile

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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, watches, jewellery, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel.

Further Reading

Analyst Recommendations for JD Sports Fashion (LON:JD)

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