J D Wetherspoon (LON:JDW) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

J D Wetherspoon plc (LON:JDW) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 668.53 and traded as high as GBX 672.50. J D Wetherspoon shares last traded at GBX 659, with a volume of 8,010,104 shares.

Wall Street Analyst Weigh In

JDW has been the topic of several research analyst reports. Shore Capital Group reissued a “hold” rating on shares of J D Wetherspoon in a research note on Friday, March 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 840 price objective on shares of J D Wetherspoon in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 460 price objective on shares of J D Wetherspoon in a research note on Thursday, May 7th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 666.67.

J D Wetherspoon Price Performance

The stock has a market capitalization of £694.63 million, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 3.39 and a beta of 1.13. The business’s 50 day simple moving average is GBX 617 and its two-hundred day simple moving average is GBX 668.53. The company has a quick ratio of 0.19, a current ratio of 0.30 and a debt-to-equity ratio of 358.49.

J D Wetherspoon (LON:JDW) last released its quarterly earnings data on Friday, March 20th. The company reported GBX 15.50 earnings per share for the quarter. J D Wetherspoon had a net margin of 2.52% and a return on equity of 15.81%. As a group, sell-side analysts forecast that J D Wetherspoon plc will post 52.8508772 earnings per share for the current fiscal year.

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.