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

Shares of J D Wetherspoon plc (LON:JDW) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 667.60 and traded as high as GBX 718.94. J D Wetherspoon shares last traded at GBX 718.50, with a volume of 157,656 shares changing hands.

Analyst Upgrades and Downgrades

JDW has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 840 price objective on shares of J D Wetherspoon in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 460 price target on shares of J D Wetherspoon in a research note on Thursday, May 7th. Finally, Shore Capital Group restated a “hold” rating on shares of J D Wetherspoon in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 666.67.

J D Wetherspoon Trading Up 2.6%

The firm has a market capitalization of £757.34 million, a PE ratio of 12.65, a PEG ratio of 3.39 and a beta of 1.13. 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 business has a fifty day moving average price of GBX 632.15 and a two-hundred day moving average price of GBX 667.60.

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.