J D Wetherspoon plc (JDW) Given Average Rating of “Hold” by Analysts
Shares of J D Wetherspoon plc (LON:JDW) have been assigned an average rating of “Hold” from the fifteen analysts that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 988.46 ($13.11).
Several analysts have weighed in on JDW shares. HSBC Holdings plc downgraded J D Wetherspoon plc to a “hold” rating and dropped their price target for the company from GBX 1,200 ($15.92) to GBX 1,090 ($14.46) in a research note on Friday, September 1st. Morgan Stanley boosted their price target on J D Wetherspoon plc from GBX 830 ($11.01) to GBX 910 ($12.07) and gave the company an “underweight” rating in a research note on Monday, September 18th. Canaccord Genuity reiterated a “hold” rating and set a GBX 1,040 ($13.79) price target on shares of J D Wetherspoon plc in a research note on Friday, September 15th. Barclays PLC reiterated an “overweight” rating and set a GBX 1,250 ($16.58) price target on shares of J D Wetherspoon plc in a research note on Monday, September 18th. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 1,050 ($13.93) price objective on shares of J D Wetherspoon plc in a report on Friday, September 15th.
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J D Wetherspoon plc (LON JDW) traded up 3.57% on Wednesday, reaching GBX 1277.00. The company’s stock had a trading volume of 382,759 shares. The firm’s 50 day moving average price is GBX 1,125.61 and its 200-day moving average price is GBX 1,032.47. J D Wetherspoon plc has a 1-year low of GBX 810.00 and a 1-year high of GBX 1,296.00. The company’s market capitalization is GBX 1.36 billion.
The firm also recently declared a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 26th will be issued a GBX 8 ($0.11) dividend. This is a boost from J D Wetherspoon plc’s previous dividend of $4.00. The ex-dividend date is Thursday, October 26th. This represents a yield of 0.67%.
In related news, insider Nigel Connor sold 488 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of GBX 1,229 ($16.30), for a total value of £5,997.52 ($7,955.33). Also, insider John Hutson purchased 12,126 shares of J D Wetherspoon plc stock in a transaction that occurred on Wednesday, September 27th. The stock was acquired at an average cost of GBX 1,278 ($16.95) per share, with a total value of £154,970.28 ($205,558.14). Insiders purchased a total of 12,162 shares of company stock valued at $15,536,032 in the last ninety days.
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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