JD Sports Fashion (LON:JD) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup has raised its target price for JD Sports Fashion from GBX 95 to GBX 104, indicating a potential upside of 1.07% from the current price, while maintaining a "neutral" rating on the stock.
• Alongside Citigroup, other analysts such as Royal Bank of Canada and Deutsche Bank have also adjusted their ratings and price targets, reflecting a mixed outlook with several "Buy" and "Hold" ratings across analysts.
• JD Sports Fashion has initiated a share buyback plan, a move typically signaling that the company's board believes the stock is undervalued.

JD Sports Fashion (LON:JD - Get Free Report) had its target price upped by equities researchers at Citigroup from GBX 95 to GBX 104 in a note issued to investors on Friday,Digital Look reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target suggests a potential upside of 1.07% from the company's current price.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada boosted their target price on shares of JD Sports Fashion from GBX 90 to GBX 95 and gave the company an "outperform" rating in a research note on Friday, August 8th. UBS Group reiterated a "neutral" rating and set a GBX 84 price objective on shares of JD Sports Fashion in a research report on Friday, August 15th. JPMorgan Chase & Co. decreased their price objective on JD Sports Fashion from GBX 92 to GBX 90 and set a "neutral" rating for the company in a report on Wednesday, September 3rd. Shore Capital reaffirmed a "buy" rating on shares of JD Sports Fashion in a research note on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target 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 equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, JD Sports Fashion has a consensus rating of "Hold" and an average target price of GBX 104.67.

JD Sports Fashion Price Performance

Shares of JD opened at GBX 102.90 on Friday. 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 stock's 50 day moving average is GBX 91.14 and its two-hundred day moving average is GBX 83.76. The company has a market cap of £5.33 billion, a P/E ratio of 1,029.00, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD - Get Free Report) last announced its quarterly earnings results on Wednesday, September 24th. The company reported GBX 4.60 earnings per share (EPS) for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. As a group, research analysts anticipate 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 share buyback plan on Thursday, September 25th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.