Shore Capital Reaffirms "Buy" Rating for JD Sports Fashion (LON:JD)

Key Points

• Shore Capital has restated its "buy" rating for JD Sports Fashion, highlighting confidence in the company's performance.
• Other analysts have mixed sentiments with JPMorgan reducing its target price to GBX 90 while Citigroup increased it to GBX 95, both maintaining a "neutral" rating.
• JD Sports Fashion reported an EPS of GBX 4.60 in its latest quarterly earnings, with analysts expecting an average of 15.04 EPS for the current year.

JD Sports Fashion (LON:JD - Get Free Report)'s stock had its "buy" rating restated by analysts at Shore Capital in a research note issued to investors on Thursday,Digital Look reports.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of JD Sports Fashion from GBX 92 to GBX 90 and set a "neutral" rating for the company in a research note on Wednesday, September 3rd. Citigroup raised their target price on shares of JD Sports Fashion from GBX 92 to GBX 95 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. UBS Group reiterated a "neutral" rating and set a GBX 84 target price on shares of JD Sports Fashion in a research note on Friday, August 15th. Berenberg Bank increased their price target on JD Sports Fashion from GBX 128 to GBX 155 and gave the company a "buy" rating in a report on Wednesday, August 27th. Finally, Royal Bank Of Canada raised their price target on JD Sports Fashion from GBX 90 to GBX 95 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 103.17.

JD Sports Fashion Price Performance

Shares of LON:JD opened at GBX 87.94 on Thursday. 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 company has a market capitalization of £4.56 billion, a P/E ratio of 879.40, a P/E/G ratio of 1.05 and a beta of 1.65. The firm's 50-day simple moving average is GBX 90.32 and its two-hundred day simple moving average is GBX 83.02.

JD Sports Fashion (LON:JD - Get Free Report) last released its quarterly earnings data on Wednesday, September 24th. The company reported GBX 4.60 EPS 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 anticipate that JD Sports Fashion will post 15.037961 earnings per share for the current year.

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.

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