J D Wetherspoon (LON:JDW) Shares Cross Above 200-Day Moving Average – Here’s Why

J D Wetherspoon plc (LON:JDW)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 667.22 and traded as high as GBX 740. J D Wetherspoon shares last traded at GBX 730, with a volume of 139,576 shares traded.

Wall Street Analysts Forecast Growth

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

J D Wetherspoon Price Performance

The company has a market capitalization of £769.46 million, a price-to-earnings ratio of 12.85, a PEG ratio of 3.39 and a beta of 1.11. The company has a current ratio of 0.30, a quick ratio of 0.19 and a debt-to-equity ratio of 358.49. The company’s 50 day simple moving average is GBX 645.97 and its 200-day simple moving average is GBX 667.22.

J D Wetherspoon Company Profile

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.