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

JD Sports Fashion (LON:JD)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a note issued to investors on Monday, Digital Look reports. They currently have a GBX 150 price objective on the stock. Berenberg Bank‘s price target would indicate a potential upside of 63.15% from the company’s previous close.

A number of other research analysts also recently commented on JD. Citigroup increased their price target on JD Sports Fashion from GBX 83 to GBX 87 and gave the company a “neutral” rating in a report on Friday, August 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 100 target price on shares of JD Sports Fashion in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 95 target price on shares of JD Sports Fashion in a research note on Thursday, September 3rd. JPMorgan Chase & Co. decreased their price target on shares of JD Sports Fashion from GBX 90 to GBX 86 and set a “neutral” rating for the company in a research report on Friday, August 21st. Finally, Shore Capital Group lowered shares of JD Sports Fashion to a “hold” rating and dropped their price target for the stock from GBX 81 to GBX 75 in a research note on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, JD Sports Fashion currently has a consensus rating of “Hold” and an average target price of GBX 110.88.

JD Sports Fashion Trading Down 1.5%

JD stock opened at GBX 91.94 on Monday. The firm has a market capitalization of £4.76 billion, a P/E ratio of 919.40, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a fifty day moving average price of GBX 83.54 and a 200 day moving average price of GBX 81.14. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71.

JD Sports Fashion (LON:JD) last announced its earnings results on Wednesday, September 23rd. The company reported GBX 3.97 EPS for the quarter. JD Sports Fashion had a return on equity of 14.97% and a net margin of 3.17%. Research analysts predict that JD Sports Fashion will post 15.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Peter Agnefjäl purchased 320,000 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was bought at an average cost of GBX 77 per share, for a total transaction of £246,400. 51.91% of the stock is currently 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. 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.