JD Sports Fashion’s (JD) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of JD Sports Fashion (LON:JD) in a report issued on Thursday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 128 ($1.68) target price on the stock.

Several other research analysts have also weighed in on the stock. Shore Capital restated a “hold” rating on shares of JD Sports Fashion in a research note on Friday, March 21st. Citigroup downgraded JD Sports Fashion to a “neutral” rating and lowered their price target for the stock from GBX 150 ($1.96) to GBX 95 ($1.24) in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 109.50 ($1.43).

JD Sports Fashion Stock Performance

Shares of JD Sports Fashion stock opened at GBX 72.12 ($0.94) on Thursday. The company has a 50-day moving average price of GBX 76.54 and a 200 day moving average price of GBX 98.84. The firm has a market cap of £3.74 billion, a price-to-earnings ratio of 721.20, a PEG 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 declared that its Board of Directors has authorized a stock buyback plan on Thursday, April 10th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, insider Regis Schultz purchased 109,933 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was bought at an average price of GBX 90 ($1.18) per share, with a total value of £98,939.70 ($129,502.23). Corporate insiders own 51.91% of the company’s stock.

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.