JD Sports Fashion plc (LON:JD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of JD Sports Fashion plc (LON:JD – Get Rating) have received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 509.38 ($6.24).

A number of equities research analysts recently issued reports on JD shares. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 200 ($2.45) target price on shares of JD Sports Fashion in a research report on Monday, May 30th. Deutsche Bank Aktiengesellschaft decreased their target price on JD Sports Fashion from GBX 875 ($10.72) to GBX 735 ($9.01) and set a “buy” rating on the stock in a report on Thursday, July 14th. Barclays decreased their target price on JD Sports Fashion from GBX 240 ($2.94) to GBX 195 ($2.39) and set an “overweight” rating on the stock in a report on Monday, May 16th. Peel Hunt restated a “buy” rating and issued a GBX 280 ($3.43) price target on shares of JD Sports Fashion in a research note on Tuesday, April 12th. Finally, JPMorgan Chase & Co. cut their target price on JD Sports Fashion from GBX 210 ($2.57) to GBX 180 ($2.21) and set an “overweight” rating for the company in a research report on Tuesday, July 26th.

JD Sports Fashion Trading Down 2.7 %

LON:JD opened at GBX 130.15 ($1.59) on Friday. JD Sports Fashion has a fifty-two week low of GBX 98.94 ($1.21) and a fifty-two week high of GBX 235.70 ($2.89). The company has a debt-to-equity ratio of 101.34, a current ratio of 1.42 and a quick ratio of 0.75. The stock has a market capitalization of £6.71 billion and a PE ratio of 1,859.29. The business’s 50-day simple moving average is GBX 122.28 and its 200-day simple moving average is GBX 141.67.

JD Sports Fashion Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 5th. Stockholders of record on Thursday, July 7th were issued a GBX 0.35 ($0.00) dividend. The ex-dividend date was Thursday, July 7th. This represents a dividend yield of 0.29%.

About JD Sports Fashion

(Get Rating)

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, watches, jewellery, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in JD Sports Fashion right now?

Before you consider JD Sports Fashion, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and JD Sports Fashion wasn’t on the list.

While JD Sports Fashion currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here