JD Sports Fashion’s (JD) Buy Rating Reiterated at Peel Hunt

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Peel Hunt restated their buy rating on shares of JD Sports Fashion (LON:JD) in a research note released on Wednesday.

Other analysts have also recently issued reports about the stock. Shore Capital reaffirmed a buy rating on shares of JD Sports Fashion in a research report on Tuesday, September 11th. Barclays upped their price target on shares of JD Sports Fashion from GBX 510 ($6.66) to GBX 570 ($7.45) and gave the stock an overweight rating in a research report on Wednesday, September 12th.

JD Sports Fashion stock remained flat at $GBX 393 ($5.14) during trading on Wednesday. 1,117,638 shares of the company were exchanged, compared to its average volume of 1,330,000. JD Sports Fashion has a 12-month low of GBX 300.20 ($3.92) and a 12-month high of GBX 462 ($6.04).

The company also recently disclosed a dividend, which will be paid on Friday, January 4th. Shareholders of record on Thursday, November 29th will be given a GBX 0.27 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a yield of 0.05%.

In other news, insider Peter Alan Cowgill acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, October 16th. The stock was bought at an average cost of GBX 410 ($5.36) per share, with a total value of £41,000 ($53,573.76).

JD Sports Fashion Company Profile

JD Sports Fashion Plc engages in the retail of branded sports fashionwear, and outdoor clothing and equipment. It operates through Sports Fashion and Outdoor segments. The company retails sports and fashion clothing, footwear, and sports and leisure goods, as well as distributes sports clothing and accessories, footwear and apparel, and rugby clothing and accessories.

Further Reading: What is a Leveraged Buyout (LBO)?

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