JD Sports Fashion (LON:JD) Price Target Raised to GBX 490

JD Sports Fashion (LON:JD) had its target price lifted by Deutsche Bank Aktiengesellschaft from GBX 450 ($6.07) to GBX 490 ($6.61) in a report issued on Friday morning,London Stock Exchange reports. The brokerage currently has a sell rating on the stock.

A number of other analysts also recently weighed in on the company. Shore Capital restated a “buy” rating on shares of JD Sports Fashion in a research report on Wednesday, May 21st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 128 ($1.73) target price on shares of JD Sports Fashion in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 204.50 ($2.76).

JD Sports Fashion Price Performance

Shares of LON JD traded down GBX 2.96 ($0.04) during trading on Friday, reaching GBX 87.66 ($1.18). 6,671,165 shares of the stock traded hands, compared to its average volume of 393,791. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a 50-day moving average of GBX 83.57 and a 200-day moving average of GBX 81.73. The stock has a market cap of £4.54 billion, a PE ratio of 876.60, a P/E/G ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last released its quarterly earnings data on Wednesday, May 21st. The company reported GBX 12.39 ($0.17) earnings per share (EPS) for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. 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 of Directors has initiated a share buyback plan on Thursday, April 10th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually 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.