JD Sports Fashion (LON:JD) Given “Hold” Rating at Shore Capital Group

Shore Capital Group reiterated their hold rating on shares of JD Sports Fashion (LON:JD) in a research report report published on Friday,London Stock Exchange reports.

JD has been the topic of a number of other research reports. UBS Group reaffirmed a “neutral” rating and issued a GBX 94 price objective on shares of JD Sports Fashion in a research report on Friday, January 16th. Royal Bank Of Canada lowered their target price on shares of JD Sports Fashion from GBX 88 to GBX 87 and set a “market perform” rating for the company in a research note on Monday, February 2nd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 200 price target on shares of JD Sports Fashion in a report on Thursday, November 20th. JPMorgan Chase & Co. reaffirmed a “no recommendation” rating on shares of JD Sports Fashion in a research report on Thursday, January 22nd. Finally, Citigroup decreased their price objective on JD Sports Fashion from GBX 87 to GBX 86 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 110.25.

JD Sports Fashion Stock Performance

Shares of JD Sports Fashion stock opened at GBX 67.84 on Friday. The company has a market capitalization of £3.51 billion, a P/E ratio of 678.40, a PEG ratio of 1.05 and a beta of 1.65. The business has a 50 day moving average price of GBX 79.49 and a 200-day moving average price of GBX 85.29. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71.

JD Sports Fashion announced that its Board of Directors has approved a share buyback plan on Monday, February 23rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership 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. It offers its products under the JD, Size?, Footpatrol, Finish Line, Shoe Palace, DTLR, Livestock, Sprinter, Sport Zone, Sizeer, JD Gyms, Tessuti, Scotts, Go Outdoors, Blacks, Millets, Tiso, Ultimate Outdoors, Fishing Republic, and Naylors brands.