JD Sports Fashion's (JD) "Hold" Rating Reiterated at Shore Capital Group

Key Points

• Shore Capital reiterated its “Hold” rating on JD Sports Fashion and set a GBX 75 price target, implying approximately 1.74% upside from the current share price.
• Analyst sentiment remains cautious: three analysts rate the stock a Buy and six rate it a Hold, resulting in a consensus “Hold” rating.
• JD shares fell 3.4% to open at GBX 73.72, below both their 50-day moving average of GBX 86.80 and 200-day moving average of GBX 80.28.

JD Sports Fashion (LON:JD - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Shore Capital Group in a note issued to investors on Monday, London Stock Exchange reports. They presently have a GBX 75 price target on the stock. Shore Capital Group's price target would suggest a potential upside of 1.74% from the company's current price.

A number of other brokerages have also weighed in on JD. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 95 price objective on shares of JD Sports Fashion in a report on Thursday, September 3rd. Berenberg Bank lowered their price objective on shares of JD Sports Fashion from GBX 155 to GBX 150 and set a "buy" rating on the stock in a research note on Friday, August 21st. JPMorgan Chase & Co. dropped their price objective on shares of JD Sports Fashion from GBX 90 to GBX 86 and set a "neutral" rating on the stock in a report on Friday, August 21st. Citigroup boosted their target price on shares of JD Sports Fashion from GBX 83 to GBX 87 and gave the company a "neutral" rating in a research report on Friday, August 21st. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 100 price target on shares of JD Sports Fashion in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 191.89.

JD Sports Fashion Trading Down 3.4%

Shares of LON:JD opened at GBX 73.72 on Monday. The company's 50-day moving average is GBX 86.80 and its two-hundred day moving average is GBX 80.28. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23. The stock has a market capitalization of £3.82 billion, a PE ratio of 737.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

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.

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