JD Sports Fashion’s (JD) Buy Rating Reiterated at Shore Capital

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JD Sports Fashion (LON:JD)‘s stock had its “buy” rating reaffirmed by Shore Capital in a report released on Thursday, September 19th, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also recently commented on the company. UBS Group increased their price target on JD Sports Fashion from GBX 700 ($9.15) to GBX 790 ($10.32) and gave the company a “buy” rating in a report on Friday, September 13th. Credit Suisse Group increased their price target on JD Sports Fashion from GBX 680 ($8.89) to GBX 786 ($10.27) and gave the company an “outperform” rating in a report on Thursday, September 12th. Morgan Stanley raised their target price on JD Sports Fashion from GBX 570 ($7.45) to GBX 680 ($8.89) and gave the stock an “equal weight” rating in a research note on Tuesday, September 17th. Peel Hunt reissued a “buy” rating and set a GBX 700 ($9.15) target price (up previously from GBX 650 ($8.49)) on shares of JD Sports Fashion in a research note on Monday, September 9th. Finally, Berenberg Bank raised their target price on JD Sports Fashion from GBX 700 ($9.15) to GBX 800 ($10.45) and gave the stock a “buy” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. JD Sports Fashion presently has a consensus rating of “Buy” and an average target price of GBX 776 ($10.14).

Shares of LON JD traded up GBX 28.40 ($0.37) during midday trading on Thursday, hitting GBX 760.80 ($9.94). The stock had a trading volume of 3,272,157 shares, compared to its average volume of 1,330,000. The company has a market capitalization of $7.40 billion and a PE ratio of 28.71. The stock has a 50 day simple moving average of GBX 680.78 and a 200-day simple moving average of GBX 613.59. JD Sports Fashion has a 1 year low of GBX 318.50 ($4.16) and a 1 year high of GBX 755 ($9.87). The company has a quick ratio of 0.37, a current ratio of 0.94 and a debt-to-equity ratio of 200.92.

In other news, insider Peter Alan Cowgill purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were acquired at an average price of GBX 613 ($8.01) per share, with a total value of £91,950 ($120,148.96).

JD Sports Fashion Company Profile

JD Sports Fashion Plc engages in the retail of branded sports fashionwear, and outdoor clothing and equipment for kids, women, and men. It operates through Sports Fashion and Outdoor segments. The company retails sports and fashion clothing, footwear, equipment, and sports and leisure goods, as well as distributes sports clothing and accessories, footwear and apparel, and rugby clothing and accessories.

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Analyst Recommendations for JD Sports Fashion (LON:JD)

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