JD Sports Fashion's (JD) "Sell" Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed a Sell rating on JD Sports Fashion with a GBX 460 price target.
• Overall analyst consensus is Hold (3 Buys, 4 Holds, 1 Sell) with an average price target of GBX 233.
• The board authorized a share buyback program (the report shows repurchase of 0 outstanding shares), and the stock traded at GBX 68 on heavy volume; the company has a market cap of £3.52 billion and a P/E of 680.00.

JD Sports Fashion (LON:JD - Get Free Report)'s stock had its "sell" rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They presently have a GBX 460 price target on the stock.

Several other equities analysts have also recently issued reports on JD. Berenberg Bank reiterated a "buy" rating and set a GBX 155 price target on shares of JD Sports Fashion in a research report on Thursday, January 22nd. 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 on the stock in a research report on Monday, February 2nd. Citigroup reduced their price target on shares of JD Sports Fashion from GBX 87 to GBX 86 and set a "neutral" rating on the stock in a research report on Tuesday, February 3rd. Shore Capital Group reiterated a "hold" rating on shares of JD Sports Fashion in a research report on Wednesday. Finally, JPMorgan Chase & Co. reiterated a "no recommendation" rating on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of GBX 233.

JD Sports Fashion Stock Performance

Shares of LON JD traded up GBX 2.72 during midday trading on Thursday, hitting GBX 68. 15,842,903 shares of the company traded hands, compared to its average volume of 393,791. 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 50-day moving average of GBX 73.07 and a 200-day moving average of GBX 80.07. The company has a market capitalization of £3.52 billion, a price-to-earnings ratio of 680.00, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion announced that its Board of Directors has authorized a share buyback program on Monday, February 23rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board 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. 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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