J D Wetherspoon plc’s (JDW) “Hold” Rating Reaffirmed at Canaccord Genuity
J D Wetherspoon plc (LON:JDW)‘s stock had its “hold” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Friday. They currently have a GBX 1,040 ($13.43) price target on the stock. Canaccord Genuity’s target price would suggest a potential downside of 12.53% from the stock’s current price.
Several other equities analysts have also weighed in on JDW. Liberum Capital restated a “hold” rating and set a GBX 1,050 ($13.56) price objective on shares of J D Wetherspoon plc in a research report on Friday. Barclays PLC reissued an “overweight” rating and issued a GBX 1,150 ($14.85) price target on shares of J D Wetherspoon plc in a research report on Monday. Shore Capital reissued a “sell” rating on shares of J D Wetherspoon plc in a research report on Friday. Numis Securities Ltd reissued a “reduce” rating and issued a GBX 820 ($10.59) price target on shares of J D Wetherspoon plc in a research report on Thursday, July 13th. Finally, HSBC Holdings plc lowered shares of J D Wetherspoon plc to a “hold” rating and reduced their price target for the stock from GBX 1,200 ($15.50) to GBX 1,090 ($14.08) in a research report on Friday, September 1st. Five analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 965.42 ($12.47).
Shares of J D Wetherspoon plc (LON:JDW) traded up 13.89% during mid-day trading on Friday, hitting GBX 1189.00. 694,802 shares of the stock traded hands. The firm’s 50 day moving average price is GBX 1,048.28 and its 200-day moving average price is GBX 1,005.73. J D Wetherspoon plc has a 12-month low of GBX 810.00 and a 12-month high of GBX 1,189.12. The stock’s market cap is GBX 1.30 billion.
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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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