J D Wetherspoon plc (JDW) Given “Neutral” Rating at Citigroup Inc
J D Wetherspoon plc (LON:JDW)‘s stock had its “neutral” rating restated by investment analysts at Citigroup Inc in a research report issued to clients and investors on Monday. They presently have a GBX 1,030 ($13.40) price objective on the stock. Citigroup Inc’s price target points to a potential upside of 2.39% from the company’s previous close.
JDW has been the topic of a number of other research reports. Canaccord Genuity raised J D Wetherspoon plc to a “hold” rating and increased their target price for the stock from GBX 850 ($11.06) to GBX 1,000 ($13.01) in a report on Thursday, May 4th. Beaufort Securities reaffirmed a “hold” rating on shares of J D Wetherspoon plc in a report on Thursday, May 4th. Berenberg Bank reaffirmed a “sell” rating and set a GBX 750 ($9.76) target price on shares of J D Wetherspoon plc in a report on Monday, March 13th. Peel Hunt downgraded J D Wetherspoon plc to a “reduce” rating and set a GBX 925 ($12.03) target price on the stock. in a report on Monday, March 6th. Finally, Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 640 ($8.33) target price (up previously from GBX 600 ($7.81)) on shares of J D Wetherspoon plc in a report on Monday, March 13th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 949.09 ($12.35).
J D Wetherspoon plc (LON:JDW) traded down 0.79% on Monday, reaching GBX 1006.00. The company’s stock had a trading volume of 182,794 shares. The firm’s 50 day moving average price is GBX 1,000.85 and its 200-day moving average price is GBX 926.98. The company’s market capitalization is GBX 1.10 billion. J D Wetherspoon plc has a 52 week low of GBX 662.50 and a 52 week high of GBX 1,060.00.
The business also recently declared a dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, April 27th will be issued a GBX 4 ($0.05) dividend. This represents a dividend yield of 0.43%. The ex-dividend date is Thursday, April 27th.
In related news, insider Miles Slade sold 2,850 shares of the firm’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of GBX 952 ($12.38), for a total value of £27,132 ($35,295.95). Also, insider John Hutson bought 9,107 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average price of GBX 951 ($12.37) per share, for a total transaction of £86,607.57 ($112,667.58). In the last three months, insiders purchased 9,152 shares of company stock worth $8,705,160 and sold 10,021 shares worth $9,578,170.
J D Wetherspoon plc Company Profile
J D Wetherspoon plc owns and operates pubs throughout the United Kingdom and Ireland. The Company aims to provide customers with food and drinks. The Company operates a trading estate of approximately 926 pubs. The Company operates over 40 hotels and approximately 900 rooms. The Company’s hotels include George Hotel, the Shrewsbury Hotel and the Unicorn, Ripon.
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