UBS Group Reaffirms "Neutral" Rating for JD Sports Fashion (LON:JD)

Key Points

• UBS Group has reaffirmed a "neutral" rating for JD Sports Fashion, setting a target price of GBX 84 ($1.14), which suggests a potential downside of 4.65% from the stock's previous close.
• Other analysts have mixed views, with Citigroup raising its target to GBX 92 ($1.24) and maintaining a "neutral" rating, while Deutsche Bank has issued a "sell" rating with a target of GBX 490 ($6.63).
• The company reported earnings of GBX 12.39 ($0.17) per share for the last quarter, with analysts expecting an EPS of 15.04 for the current fiscal year.

JD Sports Fashion (LON:JD - Get Free Report)'s stock had its "neutral" rating reaffirmed by research analysts at UBS Group in a research report issued to clients and investors on Friday,Digital Look reports. They presently have a GBX 84 ($1.14) target price on the stock. UBS Group's target price indicates a potential downside of 4.65% from the company's previous close.

A number of other research firms have also recently commented on JD. Citigroup boosted their price objective on JD Sports Fashion from GBX 83 ($1.12) to GBX 92 ($1.24) and gave the company a "neutral" rating in a research report on Friday, August 1st. Shore Capital restated a "hold" rating on shares of JD Sports Fashion in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on JD Sports Fashion from GBX 450 ($6.09) to GBX 490 ($6.63) and gave the company a "sell" rating in a research report on Friday, July 11th. Finally, Royal Bank Of Canada boosted their price target on JD Sports Fashion from GBX 90 ($1.22) to GBX 95 ($1.29) and gave the stock an "outperform" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, JD Sports Fashion presently has an average rating of "Hold" and an average price target of GBX 165.67 ($2.24).

JD Sports Fashion Price Performance

LON JD traded down GBX 0.88 ($0.01) during trading on Friday, hitting GBX 88.10 ($1.19). The company's stock had a trading volume of 6,148,724 shares, 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 company has a market capitalization of £4.56 billion, a P/E ratio of 881.00, a PEG ratio of 1.05 and a beta of 1.65. The firm's fifty day moving average is GBX 84.38 and its 200 day moving average is GBX 81.01.

JD Sports Fashion (LON:JD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported GBX 12.39 ($0.17) earnings per share for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. Analysts expect that JD Sports Fashion will post 15.037961 EPS for the current fiscal 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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