JD Wetherspoon Price Target Raised to GBX 810 at Morgan Stanley (JDW)
Research analysts at Morgan Stanley increased their target price on shares of JD Wetherspoon (LON:JDW) from GBX 710 ($11.70) to GBX 810 ($13.35) in a report released on Monday, Analyst Ratings News reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 5.54% from the company’s current price.
Shares of JD Wetherspoon (LON:JDW) traded down 1.22% on Monday, hitting GBX 767.50. The stock had a trading volume of 100,058 shares. JD Wetherspoon has a one year low of GBX 495.50 and a one year high of GBX 839.9999. The stock has a 50-day moving average of GBX 770. and a 200-day moving average of GBX 732.0. The company’s market cap is £923.2 million.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of JD Wetherspoon in a research note to investors on Thursday. They now have a GBX 850 ($14.01) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of JD Wetherspoon in a research note to investors on Thursday. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of JD Wetherspoon in a research note to investors on Thursday. They now have a GBX 695 ($11.45) price target on the stock. Twelve analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 763.22 ($12.58).
J D Wetherspoon plc is engaged in the development and management of public houses. The Company owns and operates pubs throughout the United Kingdom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.