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JD Wetherspoon (LON:JDW) was downgraded by equities research analysts at HSBC to an “underweight” rating in a research note issued to investors on Thursday, American Banking & Market News reports. They currently have a GBX 750 ($12.33) price objective on the stock, up from their previous price objective of GBX 740 ($12.16). HSBC’s price objective would indicate a potential downside of 6.19% from the stock’s previous close.

JD Wetherspoon (LON:JDW) traded down 0.62% during mid-day trading on Thursday, hitting GBX 799.50. The stock had a trading volume of 50,344 shares. JD Wetherspoon has a 1-year low of GBX 495.50 and a 1-year high of GBX 839.9999. The stock’s 50-day moving average is GBX 782.7 and its 200-day moving average is GBX 738.0. The company’s market cap is £961.7 million.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays upgraded shares of JD Wetherspoon to an “overweight” rating in a research note to investors on Wednesday. They now have a GBX 880 ($14.46) price target on the stock, up previously from GBX 770 ($12.65). Separately, analysts at Morgan Stanley raised their price target on shares of JD Wetherspoon from GBX 710 ($11.67) to GBX 810 ($13.31) in a research note to investors on Monday, January 27th. They now have an “equal weight” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of JD Wetherspoon in a research note to investors on Thursday, January 23rd. They now have a GBX 850 ($13.97) price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 774.65 ($12.73).

J D Wetherspoon plc is engaged in the development and management of public houses. The Company owns and operates pubs throughout the United Kingdom.

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