UBS Group Reiterates "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 restated by research analysts at UBS Group in a research note issued on Friday, MarketBeat Ratings reports. They presently have a GBX 84 price target on the stock. UBS Group's price target suggests a potential downside of 10.54% from the stock's current price.

Other equities research analysts have also issued reports about the company. Citigroup boosted their target price on JD Sports Fashion from GBX 83 to GBX 92 and gave the stock a "neutral" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft upped their price target on JD Sports Fashion from GBX 450 to GBX 490 and gave the stock a "sell" rating in a report on Friday, July 11th. Royal Bank Of Canada upped their price target on JD Sports Fashion from GBX 90 to GBX 95 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Shore Capital reiterated a "hold" rating on shares of JD Sports Fashion in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 100.67.

JD Sports Fashion Stock Performance

Shares of JD Sports Fashion stock traded up GBX 6.10 during trading on Friday, hitting GBX 93.90. 18,069,583 shares of the stock traded hands, compared to its average volume of 393,791. The company has a market capitalization of £4.86 billion, a PE ratio of 939.00, a P/E/G ratio of 1.05 and a beta of 1.65. 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 business's fifty day moving average is GBX 84.77 and its two-hundred day moving average is GBX 81.06.

JD Sports Fashion (LON:JD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The company reported GBX 12.39 earnings per share (EPS) for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. On average, equities research 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.