JD Sports Fashion (LON:JD) Receives "Buy" Rating from Berenberg Bank

Key Points

• Berenberg Bank has reissued a "Buy" rating on JD Sports Fashion with a target price of GBX 155, indicating a potential upside of 76.26% from the current stock price.
• Other analysts have mixed opinions, with UBS maintaining a "Neutral" rating and a target price of GBX 84, while Royal Bank of Canada upgraded its target from GBX 90 to GBX 95, rating the stock as "Outperform."
• JD Sports Fashion's shares opened at GBX 87.94 and reported earnings of GBX 4.60 per share in their last quarterly earnings, reflecting a net margin of 3.17%.

JD Sports Fashion (LON:JD - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Berenberg Bank in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a GBX 155 target price on the stock. Berenberg Bank's target price would indicate a potential upside of 76.26% from the stock's current price.

Other research analysts have also issued reports about the company. UBS Group reissued a "neutral" rating and set a GBX 84 price target on shares of JD Sports Fashion in a research report on Friday, August 15th. JPMorgan Chase & Co. dropped their price target on JD Sports Fashion from GBX 92 to GBX 90 and set a "neutral" rating on the stock in a research report on Wednesday, September 3rd. Royal Bank Of Canada upped their price target on JD Sports Fashion from GBX 90 to GBX 95 and gave the company an "outperform" rating in a research report on Friday, August 8th. Shore Capital reissued a "buy" rating on shares of JD Sports Fashion in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on JD Sports Fashion from GBX 85 to GBX 100 and gave the stock a "hold" rating in a research report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 103.17.

JD Sports Fashion Stock Down 0.7%

Shares of LON JD opened at GBX 87.94 on Wednesday. The stock has a market capitalization of £4.56 billion, a P/E ratio of 879.40, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. 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 company's 50 day moving average is GBX 90.32 and its two-hundred day moving average is GBX 83.02.

JD Sports Fashion (LON:JD - Get Free Report) last posted its quarterly earnings results on Wednesday, September 24th. The company reported GBX 4.60 earnings per share for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. As a group, sell-side analysts expect that JD Sports Fashion will post 15.037961 EPS 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.

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