Zacks Investment Research Downgrades J D Wetherspoon PLC (JDWPY) to Hold
J D Wetherspoon PLC (NASDAQ:JDWPY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
According to Zacks, “JD Wetherspoon Plc owns and operates pubs. The principal activity of the company is development and management of public houses. It operates primarily in United Kingdom. JD Wetherspoon Plc is headquartered in Watford, the United Kingdom. “
Separately, HSBC Holdings plc cut J D Wetherspoon PLC from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.00.
Shares of J D Wetherspoon PLC (JDWPY) traded up 3.45% during trading on Thursday, hitting $67.50. The company had a trading volume of 330 shares. The stock has a market capitalization of $1.47 billion and a price-to-earnings ratio of 23.64. J D Wetherspoon PLC has a 12-month low of $60.04 and a 12-month high of $67.50. The stock has a 50-day moving average of $64.31 and a 200 day moving average of $62.75.
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About J D Wetherspoon PLC
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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