JD Sports Fashion Plc (LON:JD) Receives Average Recommendation of "Hold" from Analysts

Key Points

• JD Sports Fashion Plc has received an average recommendation of "Hold" from analysts, with four holding and three buying the stock.
• The company's shares opened at GBX 89 and it has a market capitalization of £4.61 billion.
• JD Sports Fashion has approved a stock buyback plan, indicating the board's belief that its stock is undervalued.

Shares of JD Sports Fashion Plc (LON:JD - Get Free Report) have earned a consensus rating of "Hold" from the seven analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 103.17.

JD has been the topic of several research reports. Berenberg Bank restated a "buy" rating and set a GBX 155 price target on shares of JD Sports Fashion in a report on Wednesday. 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 report on Tuesday, August 19th. Shore Capital reiterated a "buy" rating on shares of JD Sports Fashion in a report on Thursday. UBS Group reiterated a "neutral" rating and issued a GBX 84 target price on shares of JD Sports Fashion in a report on Friday, August 15th. Finally, Royal Bank Of Canada upped their target price on JD Sports Fashion from GBX 90 to GBX 95 and gave the company an "outperform" rating in a report on Friday, August 8th.

JD Sports Fashion Trading Up 0.5%

LON:JD opened at GBX 89 on Friday. The company has a market capitalization of £4.61 billion, a PE ratio of 890.00, a P/E/G 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 business's fifty day moving average price is GBX 90.50 and its 200-day moving average price is GBX 83.16.

JD Sports Fashion (LON:JD - Get Free Report) last released 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, equities analysts forecast that JD Sports Fashion will post 15.037961 EPS for the current year.

JD Sports Fashion announced that its Board of Directors has approved a stock buyback plan on Thursday, September 25th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

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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