JD Sports Fashion Plc (LON:JD) Receives GBX 446 Average Target Price from Analysts

JD Sports Fashion Plc (LON:JD) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 446 ($5.67).

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. lowered JD Sports Fashion to a “neutral” rating and set a GBX 105 ($1.33) price target on the stock. in a research report on Friday, November 22nd. Shore Capital reaffirmed a “buy” rating on shares of JD Sports Fashion in a report on Friday, November 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 110 ($1.40) price target on shares of JD Sports Fashion in a report on Friday, November 22nd.

JD Sports Fashion Stock Performance

Shares of JD opened at GBX 96.24 ($1.22) on Friday. The stock’s 50-day simple moving average is GBX 118.28 and its 200-day simple moving average is GBX 126.15. The company has a debt-to-equity ratio of 133.23, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a market capitalization of £4.99 billion, a PE ratio of 989.80, a PEG ratio of 1.05 and a beta of 1.65.

JD Sports Fashion Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 7th were issued a dividend of GBX 0.33 ($0.00) per share. This represents a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, November 7th. JD Sports Fashion’s dividend payout ratio is currently 1,000.00%.

Insiders Place Their Bets

In other news, insider Andy Long bought 31,064 shares of the stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price of GBX 96 ($1.22) per share, with a total value of £29,821.44 ($37,911.82). 51.91% of the stock is owned by insiders.

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.