Shore Capital reissued their buy rating on shares of JD Sports Fashion (LON:JD - Free Report) in a research report sent to investors on Friday morning, Marketbeat reports.
A number of other analysts have also recently commented on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 128 ($1.71) price target on shares of JD Sports Fashion in a research report on Thursday, April 10th. Citigroup cut JD Sports Fashion to a "neutral" rating and decreased their target price for the stock from GBX 150 ($2.00) to GBX 95 ($1.27) in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, JD Sports Fashion currently has an average rating of "Hold" and an average target price of GBX 109.50 ($1.46).
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JD Sports Fashion Stock Performance
Shares of LON JD traded up GBX 1.18 ($0.02) during midday trading on Friday, reaching GBX 81.16 ($1.08). The stock had a trading volume of 9,934,613 shares, compared to its average volume of 393,791. 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 firm has a fifty day simple moving average of GBX 74.19 and a 200 day simple moving average of GBX 91.35. The company has a market cap of £4.20 billion, a price-to-earnings ratio of 811.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.
JD Sports Fashion declared that its board has authorized a stock repurchase program on Thursday, April 10th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.
About JD Sports Fashion
(
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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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