Peel Hunt Reiterates Buy Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JD)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They presently have a GBX 200 target price on the stock. Peel Hunt’s price objective suggests a potential upside of 159.74% from the stock’s previous close.

JD has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their price target on shares of 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. Royal Bank Of Canada lifted their target price on shares of JD Sports Fashion from GBX 90 to GBX 95 and gave the company an “outperform” rating in a research report on Friday, August 8th. Shore Capital reissued a “buy” rating on shares of JD Sports Fashion in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of JD Sports Fashion from GBX 85 to GBX 100 and gave the stock a “hold” rating in a research report on Tuesday, August 19th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 155 price objective on shares of JD Sports Fashion in a report on Wednesday, September 24th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 118.29.

JD Sports Fashion Stock Performance

Shares of LON:JD traded down GBX 1.50 during midday trading on Thursday, hitting GBX 77. The company’s stock had a trading volume of 19,719,546 shares, compared to its average volume of 393,791. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23. The stock’s fifty day moving average is GBX 92.76 and its 200 day moving average is GBX 88.69. The firm has a market capitalization of £3.99 billion, a PE ratio of 770.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

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%. As a group, analysts anticipate that JD Sports Fashion will post 15.037961 EPS for the current year.

JD Sports Fashion declared that its board has initiated a share repurchase plan on Thursday, September 25th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management 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.