Shore Capital Reiterates Buy Rating for JD Sports Fashion (LON:JD)

Shore Capital restated their buy rating on shares of JD Sports Fashion (LON:JD) in a research report report published on Monday morning, MarketBeat Ratings reports.

A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a sell rating and issued a GBX 110 ($1.45) price objective on shares of JD Sports Fashion in a research note on Friday, August 23rd. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 172 ($2.27) price objective on shares of JD Sports Fashion in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of GBX 459.40 ($6.07).

JD Sports Fashion Trading Up 3.5 %

Shares of JD Sports Fashion stock opened at GBX 159.70 ($2.11) on Monday. JD Sports Fashion has a 52-week low of GBX 103 ($1.36) and a 52-week high of GBX 177.75 ($2.35). The stock’s 50-day simple moving average is GBX 129.65 and its 200 day simple moving average is GBX 123.94. The stock has a market capitalization of £8.27 billion, a P/E ratio of 1,597.00, a P/E/G ratio of 1.00 and a beta of 1.65. The company has a debt-to-equity ratio of 91.11, a quick ratio of 0.71 and a current ratio of 1.52.

Insider Activity

In related news, insider Darren M. Shapland purchased 40,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were purchased at an average cost of GBX 111 ($1.47) per share, for a total transaction of £44,400 ($58,652.58). Company insiders own 51.91% of the company’s stock.

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.