Peel Hunt Reaffirms Buy Rating for JD Sports Fashion (LON:JD)
Peel Hunt reiterated their buy rating on shares of JD Sports Fashion (LON:JD) in a research note released on Monday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 700 ($9.15) price objective on the stock, up from their previous price objective of GBX 650 ($8.49).
Other equities analysts have also recently issued research reports about the stock. Credit Suisse Group reaffirmed an outperform rating on shares of JD Sports Fashion in a research report on Wednesday, August 14th. Peel Hunt reissued a buy rating and issued a GBX 650 ($8.49) target price on shares of JD Sports Fashion in a research report on Wednesday, July 3rd. UBS Group restated a buy rating on shares of JD Sports Fashion in a research note on Friday, August 2nd. Berenberg Bank raised their price target on JD Sports Fashion from GBX 690 ($9.02) to GBX 700 ($9.15) and gave the stock a buy rating in a research report on Monday, July 1st. Finally, Shore Capital reaffirmed a buy rating on shares of JD Sports Fashion in a research note on Thursday, July 25th. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average price target of GBX 683.33 ($8.93).
JD stock opened at GBX 711.80 ($9.30) on Monday. The business has a fifty day moving average of GBX 616.02 and a two-hundred day moving average of GBX 576.98. The company has a quick ratio of 0.37, a current ratio of 1.32 and a debt-to-equity ratio of 11.70. The stock has a market cap of $6.93 billion and a price-to-earnings ratio of 26.46. JD Sports Fashion has a 52-week low of GBX 318.50 ($4.16) and a 52-week high of GBX 653.20 ($8.54).
In other JD Sports Fashion news, insider Peter Alan Cowgill purchased 15,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of GBX 613 ($8.01) per share, with a total value of £91,950 ($120,148.96).
About JD Sports Fashion
JD Sports Fashion Plc engages in the retail of branded sports fashionwear, and outdoor clothing and equipment for kids, women, and men. It operates through Sports Fashion and Outdoor segments. The company retails sports and fashion clothing, footwear, equipment, and sports and leisure goods, as well as distributes sports clothing and accessories, footwear and apparel, and rugby clothing and accessories.
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