In a research note sent out to clients and investors on Monday, equities analysts at Shore Capital reaffirmed their “buy” rating on JD Sports Fashion’s (LON: JD) stock, as reported by Bloomberg.com. This rating was included in the note that was distributed.

JD has additionally been the focus of several other articles that have been distributed. Deutsche Bank Aktiengesellschaft gave JD Sports Fashion a “buy” rating in a research report published on Thursday, October 27th. However, the company lowered its price target for the stock from GBX 735 ($8.93) to GBX 630 ($7.65), thereby retaining its “buy” rating. JD Sports Fashion was the subject of a research note issued by Berenberg Bank on September 6th. In the note, the bank lowered its “buy” rating and its price objective for the stock. The prior levels, GBX 200 ($2.43) and GBX 180 ($2.19), respectively, have been eliminated. Credit Suisse Group reaffirmed an “outperform” rating on shares of JD Sports Fashion and positioned a GBX 190 ($2.31) price objective on the company’s stock in a research note published on Monday, September 26th. In a research report that was published on Monday, September 26th, Barclays gave the company an “overweight” rating and lowered their price objective for JD Sports Fashion from GBX 185 ($2.25) to GBX 175 ($2.13). The report was about JD Sports Fashion. The study was founded on an investigation into the operational and financial results of the company. The company’s stock has been rated nine times as a buy, once as a hold, and not once as a sell by analysts who conduct equity research. The data provided by Bloomberg indicates that the current average rating for the company is “Moderate Buy” and that its target price is expected to be GBX 262.14 ($3.18) shortly.
On Monday, JD began trading for the first time at GBX 113.25, approximately $1.38 in American currency. The value of the current ratio is 1.50, the quick ratio is 0.71, and the value of the debt-to-equity ratio is 91.09. The company’s stock price is currently trading at £112.11, above its respective 50-day and 200-day simple moving averages. Over the past year, the price of JD Sports Fashion has ranged from a low of GBX 88.40 ($1.07) to a high of GBX 229 ($2.79). The current price of JD Sports Fashion is GBX 88.40 ($1.07). The company’s market capitalization is currently estimated to be worth £5.84 billion, and its price-to-earnings ratio is currently at 1,887.50.
Andy Long, an employee of the company who is considered an insider, bought 25,000 shares of the company’s stock on Friday, October 14th. Other recent occurrences include the following: The purchase of the shares cost £24,250 ($29,458.21), which comes out to an average price of GBX 97 ($1.18) per share.

JD Sports Fashion plc is a retailer that caters to customers of all ages, including children, women, and adults, by providing branded apparel, footwear, accessories, and equipment for sports and outdoor activities. JD Sports Fashion plc customers can shop online at jdsportsfashion.com. It competes in the markets of fashion, outdoor gear, and sporting goods. The company not only operates retail stores where it sells watches, jewelry, boats, bicycles, sporting goods, and fishing gear but also distributes garments, footwear, and sportswear. Its retail stores also carry a wide selection of these products.

The post Shore Capital Reiterates JD Sports Fashion (LON:JD) Rating appeared first on Best Stocks.