J D Wetherspoon plc (JDW) Receives Average Recommendation of “Hold” from Brokerages
Shares of J D Wetherspoon plc (LON:JDW) have received an average rating of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 1,078.71 ($14.19).
A number of research analysts have commented on the company. Canaccord Genuity Group Inc. upped their price target on J D Wetherspoon plc from GBX 1,200 ($15.78) to GBX 1,275 ($16.77) and gave the company a “hold” rating in a research report on Wednesday, November 8th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 1,150 ($15.13) price target on shares of J D Wetherspoon plc in a research report on Wednesday, August 9th. Beaufort Securities lowered J D Wetherspoon plc to a “sell” rating and set a GBX 1,142 ($15.02) price target for the company. in a research report on Thursday, November 9th. Peel Hunt reaffirmed a “reduce” rating and set a GBX 1,100 ($14.47) price target on shares of J D Wetherspoon plc in a research report on Wednesday, November 8th. Finally, Canaccord Genuity upped their price target on J D Wetherspoon plc from GBX 1,200 ($15.78) to GBX 1,275 ($16.77) and gave the company a “hold” rating in a research report on Wednesday, November 8th.
In related news, insider John Hutson purchased 12,126 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were bought at an average price of GBX 1,278 ($16.81) per share, for a total transaction of £154,970.28 ($203,827.80). Also, insider Nigel Connor sold 488 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of GBX 1,229 ($16.16), for a total value of £5,997.52 ($7,888.36). Insiders bought a total of 12,159 shares of company stock valued at $15,537,718 in the last three months.
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The company also recently announced a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 26th will be given a GBX 8 ($0.11) dividend. The ex-dividend date is Thursday, October 26th. This represents a dividend yield of 0.67%. This is a positive change from J D Wetherspoon plc’s previous dividend of $4.00.
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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