JD Sports Fashion Plc (LON:JD) Given Average Rating of “Hold” by Analysts

Shares of JD Sports Fashion Plc (LON:JD) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 280 ($3.44).

JD has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut shares of JD Sports Fashion to a “neutral” rating and set a GBX 105 ($1.29) price target for the company. in a research note on Friday, November 22nd. Shore Capital reissued a “buy” rating on shares of JD Sports Fashion in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 110 ($1.35) price objective on shares of JD Sports Fashion in a research report on Friday, November 22nd. Finally, Citigroup cut JD Sports Fashion to a “neutral” rating and cut their price objective for the stock from GBX 150 ($1.84) to GBX 95 ($1.17) in a research report on Thursday, January 23rd.

JD Sports Fashion Stock Up 2.2 %

LON:JD opened at GBX 89.12 ($1.09) on Monday. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 133.23. The firm has a market capitalization of £4.62 billion, a P/E ratio of 891.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The stock has a 50 day simple moving average of GBX 95.23 and a two-hundred day simple moving average of GBX 119.06.

Insiders Place Their Bets

In other JD Sports Fashion news, insider Andy Long purchased 31,064 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average price of GBX 96 ($1.18) per share, with a total value of £29,821.44 ($36,640.18). Also, insider Regis Schultz acquired 109,933 shares of JD Sports Fashion stock in a transaction on Tuesday, January 14th. The stock was purchased at an average cost of GBX 90 ($1.11) per share, with a total value of £98,939.70 ($121,562.48). Company 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.