J D Wetherspoon plc (JDW) Stock Rating Reaffirmed by Canaccord Genuity

J D Wetherspoon plc (LON:JDW)‘s stock had its “hold” rating restated by analysts at Canaccord Genuity in a report released on Friday. They currently have a GBX 1,040 ($13.43) price target on the stock. Canaccord Genuity’s price target would suggest a potential downside of 12.53% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Deutsche Bank AG increased their price objective on J D Wetherspoon plc from GBX 640 ($8.27) to GBX 660 ($8.52) and gave the stock a “sell” rating in a research note on Friday, May 19th. Citigroup Inc. reissued a “neutral” rating and issued a GBX 1,030 ($13.30) price objective on shares of J D Wetherspoon plc in a research note on Monday, May 22nd. Peel Hunt cut J D Wetherspoon plc to a “reduce” rating and dropped their price objective for the stock from GBX 1,000 ($12.91) to GBX 875 ($11.30) in a research note on Wednesday, July 5th. Investec reissued a “buy” rating and issued a GBX 1,150 ($14.85) price objective on shares of J D Wetherspoon plc in a research note on Wednesday, July 12th. Finally, Shore Capital reaffirmed a “sell” rating on shares of J D Wetherspoon plc in a research report on Wednesday, July 12th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 965.42 ($12.47).

J D Wetherspoon plc (LON JDW) opened at 1189.00 on Friday. The company’s market cap is GBX 1.30 billion. J D Wetherspoon plc has a 1-year low of GBX 810.00 and a 1-year high of GBX 1,189.12. The stock’s 50 day moving average price is GBX 1,048.28 and its 200 day moving average price is GBX 1,005.73.

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J D Wetherspoon plc Company Profile

J D Wetherspoon plc owns and operates pubs throughout the United Kingdom and Ireland. The Company aims to provide customers with food and drinks. The Company operates a trading estate of approximately 926 pubs. The Company operates over 40 hotels and approximately 900 rooms. The Company’s hotels include George Hotel, the Shrewsbury Hotel and the Unicorn, Ripon.

Analyst Recommendations for J D Wetherspoon plc (LON:JDW)

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