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

JD Sports Fashion (LON:JDGet Rating)‘s stock had its “buy” rating reissued by Shore Capital in a report released on Wednesday, LSE.Co.UK reports.

JD has been the topic of a number of other reports. Berenberg Bank lowered their target price on shares of JD Sports Fashion from GBX 200 ($2.42) to GBX 180 ($2.17) and set a “buy” rating on the stock in a report on Tuesday, September 6th. JPMorgan Chase & Co. dropped their target price on shares of JD Sports Fashion from GBX 210 ($2.54) to GBX 180 ($2.17) and set an “overweight” rating on the stock in a report on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of JD Sports Fashion from GBX 875 ($10.57) to GBX 735 ($8.88) and set a “buy” rating for the company in a research note on Thursday, July 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 200 ($2.42) price objective on shares of JD Sports Fashion in a research report on Monday, May 30th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 496.25 ($6.00).

JD Sports Fashion Stock Down 1.9 %

JD stock opened at GBX 122.90 ($1.49) on Wednesday. The company has a market cap of £6.34 billion and a price-to-earnings ratio of 1,755.71. JD Sports Fashion has a twelve month low of GBX 98.94 ($1.20) and a twelve month high of GBX 235.70 ($2.85). The business has a 50 day moving average price of GBX 126.44 and a two-hundred day moving average price of GBX 129.61. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 101.34.

Insider Transactions at JD Sports Fashion

In other news, insider Andy Higginson acquired 292,725 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of GBX 133 ($1.61) per share, with a total value of £389,324.25 ($470,425.63).

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.

Further Reading

Analyst Recommendations for JD Sports Fashion (LON:JD)

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