JD Sports Fashion plc (LON:JD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

JD Sports Fashion plc (LON:JD – Get Rating) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 291.88 ($3.56).

A number of equities research analysts have recently issued reports on JD shares. Shore Capital reaffirmed a “buy” rating on shares of JD Sports Fashion in a research note on Monday, March 6th. Numis Securities reissued a “reduce” rating and set a GBX 475 ($5.79) price target on shares of JD Sports Fashion in a research report on Friday. The Goldman Sachs Group reissued a “buy” rating on shares of JD Sports Fashion in a research report on Tuesday, February 21st. Barclays reissued an “overweight” rating and set a GBX 185 ($2.25) price target on shares of JD Sports Fashion in a research report on Monday, January 16th. Finally, Royal Bank of Canada increased their price target on shares of JD Sports Fashion from GBX 150 ($1.83) to GBX 185 ($2.25) and gave the stock an “outperform” rating in a research note on Thursday, January 19th.

Insider Buying and Selling

In other news, insider Andy Higginson bought 159,704 shares of JD Sports Fashion stock in a transaction on Wednesday, January 11th. The stock was acquired at an average cost of GBX 151 ($1.84) per share, for a total transaction of £241,153.04 ($293,909.86). 52.12% of the stock is owned by insiders.

JD Sports Fashion Stock Performance

Shares of JD Sports Fashion stock opened at GBX 162.30 ($1.98) on Friday. The stock has a market cap of £8.41 billion, a PE ratio of 2,705.00, a price-to-earnings-growth ratio of 1.35 and a beta of 1.67. The firm has a 50-day simple moving average of GBX 170.30 and a two-hundred day simple moving average of GBX 134.13. The company has a quick ratio of 0.71, a current ratio of 1.50 and a debt-to-equity ratio of 91.09.

JD Sports Fashion Company Profile

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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.