Shares of JD Sports Fashion plc (LON:JD – Get Rating) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 262.14 ($3.02).
A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of JD Sports Fashion from GBX 735 ($8.46) to GBX 630 ($7.25) and set a “buy” rating on the stock in a report on Thursday, October 27th. Credit Suisse Group restated an “outperform” rating and issued a GBX 190 ($2.19) target price on shares of JD Sports Fashion in a report on Monday, September 26th. Berenberg Bank reduced their target price on shares of JD Sports Fashion from GBX 200 ($2.30) to GBX 180 ($2.07) and set a “buy” rating on the stock in a report on Tuesday, September 6th. Barclays reduced their target price on shares of JD Sports Fashion from GBX 185 ($2.13) to GBX 175 ($2.01) and set an “overweight” rating on the stock in a report on Monday, September 26th. Finally, Shore Capital restated a “hold” rating on shares of JD Sports Fashion in a report on Wednesday, November 9th.
Insider Buying and Selling
In other news, insider Andy Long purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The stock was purchased at an average cost of GBX 97 ($1.12) per share, with a total value of £24,250 ($27,921.70).
JD Sports Fashion Stock Performance
Shares of LON JD opened at GBX 120.50 ($1.39) on Monday. The company has a debt-to-equity ratio of 91.09, a quick ratio of 0.71 and a current ratio of 1.50. The company has a market cap of £6.22 billion and a P/E ratio of 2,008.33. The company has a 50-day moving average of GBX 108.12 and a two-hundred day moving average of GBX 117.79.
JD Sports Fashion Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, January 6th. Investors of record on Thursday, December 8th will be paid a dividend of GBX 0.13 ($0.00) per share. The ex-dividend date is Thursday, December 8th. This represents a dividend yield of 0.1%.
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, watches, jewellery, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel.
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