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

Key Points

• Berenberg Bank reiterated a Buy rating on JD Sports with a GBX 155 target, implying a potential upside of 112.33% from the prior close.
• Analyst coverage is mixed—three Buys, four Holds and one Sell—resulting in a MarketBeat consensus rating of "Hold" and a consensus target price of GBX 233.
• Shares opened at GBX 73; the company has a market cap of £3.78bn, a very high P/E of 730 and debt-to-equity of 133.23, and its board has authorized a stock repurchase plan (filing showed 0 shares specified).

JD Sports Fashion (LON:JD - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Berenberg Bank in a research report issued on Friday,London Stock Exchange reports. They currently have a GBX 155 target price on the stock. Berenberg Bank's target price points to a potential upside of 112.33% from the company's previous close.

A number of other brokerages also recently weighed in on JD. Shore Capital Group reissued a "hold" rating on shares of JD Sports Fashion in a report on Wednesday. Jefferies Financial Group reissued a "buy" rating and issued a GBX 840 price target on shares of JD Sports Fashion in a report on Wednesday. Royal Bank Of Canada reduced their price target on shares of JD Sports Fashion from GBX 88 to GBX 87 and set a "market perform" rating for the company in a report on Monday, February 2nd. UBS Group reissued a "neutral" rating and issued a GBX 94 price target on shares of JD Sports Fashion in a report on Tuesday. Finally, Citigroup reduced their price target on shares of JD Sports Fashion from GBX 87 to GBX 86 and set a "neutral" rating for the company in a report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 233.

JD Sports Fashion Price Performance

Shares of JD Sports Fashion stock opened at GBX 73 on Friday. 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 fifty day moving average of GBX 72.82 and a two-hundred day moving average of GBX 79.87. The company has a market cap of £3.78 billion, a P/E ratio of 730.00, a PEG ratio of 1.05 and a beta of 1.65.

JD Sports Fashion declared that its Board of Directors has initiated a stock repurchase plan on Monday, February 23rd that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.