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

Key Points

• JD Sports Fashion Plc has received a consensus rating of "Hold" from seven analysts, with five rating it as a hold and two as a buy.
• The average target price among brokerages is GBX 104.67, with recent reports from various analysts reflecting differing price targets and ratings.
• The company has also initiated a stock repurchase program, suggesting that leadership believes its stock may be 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 reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 104.67.

A number of equities analysts have recently issued reports on JD shares. Citigroup increased their price target on shares of JD Sports Fashion from GBX 95 to GBX 104 and gave the company a "neutral" rating in a report on Friday, October 3rd. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 155 target price on shares of JD Sports Fashion in a report on Wednesday, September 24th. UBS Group reissued a "neutral" rating and set a GBX 84 price target on shares of JD Sports Fashion in a research note on Friday, August 15th. Royal Bank Of Canada upped their price target on JD Sports Fashion from GBX 90 to GBX 95 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on JD Sports Fashion from GBX 85 to GBX 100 and gave the stock a "hold" rating in a report on Tuesday, August 19th.

JD Sports Fashion Trading Up 0.0%

Shares of JD opened at GBX 95.48 on Wednesday. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a fifty day simple moving average of GBX 94.03 and a 200 day simple moving average of GBX 86.08. The stock has a market cap of £4.95 billion, a price-to-earnings ratio of 954.80, a PEG ratio of 1.05 and a beta of 1.65.

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%. On average, sell-side analysts predict that JD Sports Fashion will post 15.037961 EPS for the current year.

JD Sports Fashion declared that its board has initiated a stock repurchase program on Thursday, September 25th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's leadership 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.

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.