JD Sports Fashion plc (LON:JD) receives an average “moderate buy” recommendation from brokerages


JD Sports Fashion plc (LON:JD – Get Rating) has received a consensus “moderate buy” recommendation from the ten rating agencies that currently cover the business, Marketbeat reports. Two research analysts gave the stock a hold rating and eight gave the company a buy rating. The 12-month average target price among brokerages that have hedged the stock over the past year is 496.25 GBX ($6.00).

A number of research companies have weighed in on JD recently. JPMorgan Chase & Co. lowered its price target on JD Sports Fashion from GBX 210 ($2.54) to GBX 180 ($2.17) and set an “overweight” rating for the company in a research report Tuesday, July 26. Royal Bank of Canada reaffirmed an “outperform” rating and set a price target of GBX 200 ($2.42) on JD Sports Fashion shares in a Monday, May 30 research note. Berenberg Bank cut its price target on JD Sports Fashion from GBX 200 ($2.42) to GBX 180 ($2.17) and set a “buy” rating for the company in a Tuesday research note September 6. Shore Capital reaffirmed a “buy” rating on JD Sports Fashion shares in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut its price target on JD Sports Fashion from 875 GBX ($10.57) to 735 GBX ($8.88) and set a “buy” rating for the company in a memo. research from Thursday, July 14.

Insider Buying and Selling at JD Sports Fashion

In other JD Sports Fashion news, insider Andy Higginson bought 292,725 shares of the company in a trade on Monday, August 8. The share was bought at an average cost of 133 GBX ($1.61) per share, for a total value of £389,324.25 ($470,425.63).

JD Sports Fashion is trading down 6.7%

JD stock opened at 105.90 GBX ($1.28) on Friday. The company has a market capitalization of £5.46 billion and a P/E ratio of 1,512.86. JD Sports Fashion has a twelve month minimum of 98.94 GBX ($1.20) and a twelve month maximum of 235.70 GBX ($2.85). The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt ratio of 101.34. The company has a fifty-day moving average of 126.20 GBX and a 200-day moving average of 129.36 GBX.

JD Sports Fashion cuts dividend

The company also recently announced a dividend, which will be paid on Friday, January 6. Shareholders of record on Thursday, December 8 will receive a dividend of 0.13 GBX ($0.00). The ex-dividend date is Thursday, December 8. This represents a yield of 0.1%.

About JD Sports Mode

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JD Sports Fashion plc is engaged in the retail of brand name sports and outdoor clothing, footwear, accessories and equipment for children, women and men. It operates through Sports Fashion and Outdoor segments. The company also retails recreational goods, sporting goods, fishing gear, watches, jewelry, camping gear, boats and bicycles, as well as sports apparel and accessories, footwear and clothes.

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Analyst Recommendations for JD Sports Fashion (LON:JD)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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