Zacks Investment Research Lowers Wetherspoons (JDWPY) to Sell

Wetherspoons (OTCMKTS:JDWPY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research report issued to clients and investors 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. “

Several other research analysts have also recently weighed in on JDWPY. ValuEngine raised shares of Wetherspoons from a “hold” rating to a “buy” rating in a research report on Monday, March 19th. HSBC raised shares of Wetherspoons from a “hold” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Wetherspoons currently has a consensus rating of “Hold” and an average price target of $89.00.

Shares of Wetherspoons opened at $87.85 on Thursday, Marketbeat.com reports. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.30 and a current ratio of 0.36. Wetherspoons has a twelve month low of $58.87 and a twelve month high of $87.85.

About Wetherspoons

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. As of July 24, 2017, it operated 895 pubs. The company was founded in 1979 and is headquartered in Watford, the United Kingdom.

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