J D Wetherspoon (LON:JDW) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

J D Wetherspoon plc (LON:JDW)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 667.77 and traded as high as GBX 703.50. J D Wetherspoon shares last traded at GBX 702.50, with a volume of 9,464,962 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 460 price target on shares of J D Wetherspoon in a research note on Thursday, May 7th. Jefferies Financial Group restated a “buy” rating and issued a GBX 840 price objective on shares of J D Wetherspoon in a research report on Wednesday, May 6th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of J D Wetherspoon in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, J D Wetherspoon presently has an average rating of “Hold” and an average price target of GBX 666.67.

J D Wetherspoon Price Performance

The stock has a fifty day moving average of GBX 624.46 and a two-hundred day moving average of GBX 667.77. The stock has a market cap of £740.48 million, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 3.39 and a beta of 1.13. The company has a quick ratio of 0.19, a current ratio of 0.30 and a debt-to-equity ratio of 358.49.

About J D Wetherspoon

J D Wetherspoon owns and operates pubs and hotels throughout the UK and Ireland. The company aims to provide customers with good-quality food and drinks, served by well-trained and friendly staff, at reasonable prices.

The pubs are individually designed, and the company aims to maintain them in excellent condition.