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

Key Points

• UBS reiterated a neutral rating on JD Sports with a price target of GBX 94, implying roughly a 39.7% upside from the current share price.
• Analyst consensus is a Hold (2 Buys, 4 Holds, 1 Sell) with a consensus target price of GBX 157.13.
• Shares opened at GBX 67.30 (market cap £3.49bn) and show stretched fundamentals—PE of 673 and debt-to-equity of 133.23—while the board authorized a stock buyback (filing lists 0 shares).

JD Sports Fashion (LON:JD - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at UBS Group in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 94 price objective on the stock. UBS Group's price objective indicates a potential upside of 39.67% from the stock's current price.

JD has been the subject of several other reports. Shore Capital Group restated a "hold" rating on shares of JD Sports Fashion in a research note on Wednesday, April 22nd. Citigroup reduced their price objective on JD Sports Fashion from GBX 87 to GBX 86 and set a "neutral" rating for the company in a research note on Tuesday, February 3rd. Berenberg Bank restated a "buy" rating and issued a GBX 155 price objective on shares of JD Sports Fashion in a research note on Thursday, January 22nd. JPMorgan Chase & Co. restated a "no recommendation" rating on shares of JD Sports Fashion in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada reduced their price target on JD Sports Fashion from GBX 88 to GBX 87 and set a "market perform" rating for the company in a research report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, JD Sports Fashion presently has a consensus rating of "Hold" and a consensus target price of GBX 157.13.

JD Sports Fashion Price Performance

Shares of LON:JD opened at GBX 67.30 on Tuesday. The stock has a market capitalization of £3.49 billion, a PE ratio of 673.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. 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 business has a 50-day moving average price of GBX 73.55 and a 200-day moving average price of GBX 80.47.

JD Sports Fashion declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 23rd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management 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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