JD Sports Fashion (LON:JD) Receives Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of JD Sports Fashion (LON:JD) in a research note issued to investors on Thursday, MarketBeat.com reports.

Several other research firms also recently commented on JD. Berenberg Bank reissued a “buy” rating and issued a GBX 128 ($1.68) target price on shares of JD Sports Fashion in a report on Thursday. Citigroup downgraded JD Sports Fashion to a “neutral” rating and cut their target price for the company from GBX 150 ($1.96) to GBX 95 ($1.24) in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 109.50 ($1.43).

JD Sports Fashion Stock Performance

JD opened at GBX 72.12 ($0.94) on Thursday. The company’s fifty day moving average price is GBX 76.54 and its two-hundred day moving average price is GBX 98.84. The stock has a market cap of £3.74 billion, a PE ratio of 721.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a quick ratio of 0.71 and a current ratio of 1.42.

JD Sports Fashion announced that its Board of Directors has authorized a share repurchase 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 generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at JD Sports Fashion

In other JD Sports Fashion news, insider Regis Schultz acquired 109,933 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were bought at an average cost of GBX 90 ($1.18) per share, with a total value of £98,939.70 ($129,502.23). 51.91% of the stock is owned by corporate insiders.

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.