JD Sports Fashion (LON:JD) Downgraded by Shore Capital to “Hold”

JD Sports Fashion (LON:JD) was downgraded by analysts at Shore Capital to a “hold” rating in a research report issued on Monday,Digital Look reports. They currently have a GBX 85 price objective on the stock. Shore Capital’s target price would suggest a potential upside of 16.63% from the stock’s current price.

Several other research firms also recently weighed in on JD. Peel Hunt reiterated a “buy” rating and issued a GBX 200 target price on shares of JD Sports Fashion in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of JD Sports Fashion from GBX 85 to GBX 100 and gave the company a “hold” rating in a research note on Tuesday, August 19th. Citigroup increased their target price 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. Royal Bank Of Canada boosted their price objective on JD Sports Fashion from GBX 90 to GBX 95 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 155 target price on shares of JD Sports Fashion in a research note on Wednesday, September 24th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 114.13.

JD Sports Fashion Stock Performance

LON:JD traded down GBX 4.40 during trading hours on Monday, reaching GBX 72.88. The stock had a trading volume of 34,090,816 shares, 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 P/E/G ratio of 1.05 and a beta of 1.65. The stock has a 50-day moving average of GBX 92.22 and a 200 day moving average of 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 issued its quarterly earnings results on Wednesday, September 24th. The company reported GBX 4.60 EPS for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. On average, equities analysts expect that JD Sports Fashion will post 15.037961 earnings per share for the current fiscal year.

JD Sports Fashion declared that its board has approved a stock buyback plan on Thursday, September 25th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

About JD Sports Fashion

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.