Citigroup Reaffirms Buy Rating for JD Sports Fashion (LON:JD)

Citigroup reissued their buy rating on shares of JD Sports Fashion (LON:JD) in a research note issued to investors on Tuesday morning, LSE.Co.UK reports. The firm currently has a GBX 925 ($11.43) price objective on the stock.

Several other equities research analysts have also commented on JD. Jefferies Financial Group raised their price target on shares of JD Sports Fashion from GBX 900 ($11.12) to GBX 925 ($11.43) and gave the company a buy rating in a research note on Tuesday, February 20th. Barclays raised their price objective on shares of JD Sports Fashion from GBX 150 ($1.85) to GBX 165 ($2.04) and gave the stock an overweight rating in a research note on Wednesday, April 3rd. Finally, Shore Capital reaffirmed a buy rating on shares of JD Sports Fashion in a research note on Thursday, March 28th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of Buy and an average target price of GBX 487 ($6.02).

JD Sports Fashion Price Performance

JD opened at GBX 116.30 ($1.44) on Tuesday. The firm has a market cap of £6.02 billion, a price-to-earnings ratio of 2,978.75, a price-to-earnings-growth ratio of 0.94 and a beta of 1.56. JD Sports Fashion has a fifty-two week low of GBX 103 ($1.27) and a fifty-two week high of GBX 178.10 ($2.20). The company’s 50-day moving average price is GBX 118.25 and its 200 day moving average price is GBX 130.63. The company has a quick ratio of 0.71, a current ratio of 1.36 and a debt-to-equity ratio of 95.32.

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.