Shore Capital Reaffirms “Hold” Rating for JD Sports Fashion (LON:JD)

JD Sports Fashion (LON:JD)‘s stock had its “hold” rating reaffirmed by equities research analysts at Shore Capital in a note issued to investors on Friday,London Stock Exchange reports.

Several other brokerages have also issued reports on JD. Citigroup lowered JD Sports Fashion to a “neutral” rating and dropped their target price for the company from GBX 150 ($1.95) to GBX 95 ($1.23) in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut JD Sports Fashion to a “neutral” rating and set a GBX 105 ($1.36) price objective for the company. in a report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 110 ($1.43) target price on shares of JD Sports Fashion in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 118.75 ($1.54).

JD Sports Fashion Stock Performance

JD stock traded up GBX 0.30 ($0.00) during mid-day trading on Friday, reaching GBX 79.82 ($1.04). 9,548,937 shares of the stock traded hands, compared to its average volume of 393,791. The company has a 50 day simple moving average of GBX 82.87 and a 200-day simple moving average of GBX 108.14. The firm has a market cap of £4.13 billion, a PE ratio of 798.20, a PEG ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71.

Insiders Place Their Bets

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 ($1.17) per share, with a total value of £98,939.70 ($128,293.18). 51.91% of the stock is currently owned by company 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.