JD Sports Fashion's (JD) Buy Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies Financial Group reissued a Buy rating on JD Sports Fashion with a target price of GBX 840, well above the current trading level.
• Overall analyst consensus is a Hold (3 Buy, 4 Hold, 1 Sell) with a consensus target of GBX 233, while the stock opened around GBX 65.
• The board announced a stock repurchase plan (the report lists 0 shares authorized) and the company shows high leverage and stretched valuation metrics — debt-to-equity of 133.23 and a PE ratio of 652.8.

JD Sports Fashion (LON:JD - Get Free Report)'s stock had its "buy" rating reissued by analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They presently have a GBX 840 target price on the stock.

JD has been the topic of a number of other research reports. Berenberg Bank reissued a "buy" rating and issued a GBX 155 target price on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on JD Sports Fashion from GBX 490 to GBX 460 and set a "sell" rating for the company in a report on Monday, March 23rd. Royal Bank Of Canada decreased their price objective on JD Sports Fashion from GBX 88 to GBX 87 and set a "market perform" rating on the stock in a report on Monday, February 2nd. Citigroup dropped their target price on JD Sports Fashion from GBX 87 to GBX 86 and set a "neutral" rating for the company in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. reaffirmed a "no recommendation" rating on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, JD Sports Fashion presently has an average rating of "Hold" and a consensus target price of GBX 233.

JD Sports Fashion Stock Performance

JD Sports Fashion stock opened at GBX 65.28 on Wednesday. The firm's fifty day moving average is GBX 73.33 and its two-hundred day moving average is GBX 80.28. 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 has a market cap of £3.38 billion, a PE ratio of 652.80, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion announced that its board has initiated a stock repurchase plan on Monday, February 23rd that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication 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.

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