Citigroup Issues Positive Forecast for JD Sports Fashion (LON:JD) Stock Price

Key Points

• Citigroup raised its price target for JD Sports Fashion stock from GBX 83 ($1.10) to GBX 92 ($1.22), indicating a potential upside of 7.65% from the previous close.
• JD Sports Fashion's board has initiated a stock buyback programstrong>, suggesting the company believes its shares are undervalued.
• The company most recently reported an EPS of GBX 12.39 ($0.16) for the last quarter and has a consensus target price of GBX 203.75 ($2.69) among analysts.

JD Sports Fashion (LON:JD - Get Free Report) had its price target increased by research analysts at Citigroup from GBX 83 ($1.10) to GBX 92 ($1.22) in a report issued on Friday, Marketbeat reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target points to a potential upside of 7.65% from the stock's previous close.

Several other research analysts also recently weighed in on JD. Shore Capital reaffirmed a "hold" rating on shares of JD Sports Fashion in a report on Wednesday, July 23rd. Berenberg Bank reissued a "buy" rating and issued a GBX 128 ($1.69) price objective on shares of JD Sports Fashion in a research report on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of JD Sports Fashion from GBX 450 ($5.94) to GBX 490 ($6.47) and gave the company a "sell" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of GBX 203.75 ($2.69).

JD Sports Fashion Stock Down 0.5%

JD stock opened at GBX 85.46 ($1.13) on Friday. The company has a market capitalization of £4.43 billion, a price-to-earnings ratio of 854.60, a PEG 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. The firm has a 50-day simple moving average of GBX 83.73 and a 200 day simple moving average of GBX 81.06.

JD Sports Fashion (LON:JD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported GBX 12.39 ($0.16) earnings per share (EPS) for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. On average, research analysts expect that JD Sports Fashion will post 15.037961 earnings per share for the current year.

JD Sports Fashion announced that its board has initiated a stock buyback program on Thursday, April 10th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

JD Sports Fashion Company Profile

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.

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