JD Sports Fashion plc (LON:JD) Receives Average Rating of “Moderate Buy” from Brokerages

JD Sports Fashion plc (LON:JD – Get Rating) has received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 509.38 ($6.24).

Several research firms recently issued reports on JD. Barclays reduced their price target on JD Sports Fashion from GBX 240 ($2.94) to GBX 195 ($2.39) and set an “overweight” rating for the company in a research note on Monday, May 16th. Peel Hunt restated a “buy” rating and set a GBX 280 ($3.43) price objective on shares of JD Sports Fashion in a research report on Tuesday, April 12th. JPMorgan Chase & Co. dropped their price objective on JD Sports Fashion from GBX 210 ($2.57) to GBX 180 ($2.21) and set an “overweight” rating for the company in a research report on Tuesday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 200 ($2.45) target price on shares of JD Sports Fashion in a report on Monday, May 30th. Finally, Shore Capital reaffirmed a “buy” rating on shares of JD Sports Fashion in a report on Tuesday.

JD Sports Fashion Trading Down 2.7 %

LON:JD opened at GBX 130.15 ($1.59) on Friday. JD Sports Fashion has a fifty-two week low of GBX 98.94 ($1.21) and a fifty-two week high of GBX 235.70 ($2.89). The company has a debt-to-equity ratio of 101.34, a current ratio of 1.42 and a quick ratio of 0.75. The stock has a market capitalization of £6.71 billion and a PE ratio of 1,859.29. The business’s 50-day simple moving average is GBX 122.28 and its 200-day simple moving average is GBX 141.67.

JD Sports Fashion Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, August 5th. Stockholders of record on Thursday, July 7th were given a GBX 0.35 ($0.00) dividend. The ex-dividend date was Thursday, July 7th. This represents a dividend yield of 0.29%.

JD Sports Fashion Company Profile

(Get Rating)

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, watches, jewellery, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel.

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