Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for JD Sports Fashion (LON:JD) Stock Price

JD Sports Fashion (LON:JD) had its price objective decreased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 100 to GBX 95 in a research note issued to investors on Friday,Digital Look reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 30.35% from the company’s current price.

A number of other research analysts have also weighed in on JD. UBS Group reissued a “neutral” rating and issued a GBX 84 target price on shares of JD Sports Fashion in a report on Friday, August 15th. Citigroup lifted their price target on JD Sports Fashion from GBX 95 to GBX 104 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. reduced their price objective on JD Sports Fashion from GBX 92 to GBX 90 and set a “neutral” rating on the stock in a research note on Wednesday, September 3rd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 200 price objective on shares of JD Sports Fashion in a research note on Thursday. Finally, Berenberg Bank restated a “buy” rating and set a GBX 155 price target on shares of JD Sports Fashion in a report on Wednesday, September 24th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 113.50.

JD Sports Fashion Trading Down 5.7%

Shares of LON:JD traded down GBX 4.40 during midday trading on Friday, reaching GBX 72.88. 34,090,816 shares of the company were exchanged, compared to its average volume of 393,791. The firm has a market capitalization of £3.78 billion, a PE ratio of 728.80, a PEG ratio of 1.05 and a beta of 1.65. The company’s 50 day moving average is GBX 92.22 and its two-hundred day moving average is GBX 88.72. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23.

JD Sports Fashion (LON:JD) last released its quarterly earnings data on Wednesday, September 24th. The company reported GBX 4.60 EPS for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. As a group, sell-side analysts expect that JD Sports Fashion will post 15.037961 EPS for the current year.

JD Sports Fashion announced that its Board of Directors has authorized a stock buyback program on Thursday, September 25th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign 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.