JD Sports Fashion (LON:JD) Receives “Buy” Rating from Berenberg Bank

JD Sports Fashion (LON:JD)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report issued on Friday,London Stock Exchange reports. They currently have a GBX 155 price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 112.33% from the stock’s current price.

Several other brokerages have also recently commented on JD. JPMorgan Chase & Co. reiterated a “no recommendation” rating on shares of JD Sports Fashion in a research report on Thursday, January 22nd. UBS Group reiterated a “neutral” rating and set a GBX 94 price target on shares of JD Sports Fashion in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 460 price target on shares of JD Sports Fashion in a research report on Thursday. Shore Capital Group reiterated a “hold” rating on shares of JD Sports Fashion in a research report on Wednesday. Finally, Citigroup lowered their price target on shares of JD Sports Fashion from GBX 87 to GBX 86 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, JD Sports Fashion currently has a consensus rating of “Hold” and an average target price of GBX 233.

JD Sports Fashion Price Performance

Shares of LON:JD opened at GBX 73 on Friday. The business’s 50 day simple moving average is GBX 72.82 and its 200 day simple moving average is GBX 79.87. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42. The firm has a market cap of £3.78 billion, a PE ratio of 730.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

JD Sports Fashion declared that its Board of Directors has authorized a share buyback plan on Monday, February 23rd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is 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. 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.