J D Wetherspoon plc (JDW) Receives Reduce Rating from Numis Securities Ltd

Numis Securities Ltd reaffirmed their reduce rating on shares of J D Wetherspoon plc (LON:JDW) in a research report released on Monday morning. Numis Securities Ltd currently has a GBX 975 ($13.15) target price on the stock.

Several other research firms have also commented on JDW. Peel Hunt increased their target price on J D Wetherspoon plc from GBX 875 ($11.80) to GBX 950 ($12.81) and gave the company a reduce rating in a report on Friday. Barclays PLC reissued an overweight rating and issued a GBX 1,150 ($15.50) target price on shares of J D Wetherspoon plc in a report on Wednesday, August 9th. Liberum Capital started coverage on J D Wetherspoon plc in a report on Wednesday, July 5th. They issued a hold rating and a GBX 1,050 ($14.16) target price on the stock. Shore Capital reissued a sell rating on shares of J D Wetherspoon plc in a report on Wednesday, July 12th. Finally, Canaccord Genuity reissued a hold rating and issued a GBX 1,040 ($14.02) target price on shares of J D Wetherspoon plc in a report on Friday. Six 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 company’s stock. The stock has a consensus rating of Hold and a consensus target price of GBX 980.77 ($13.22).

Shares of J D Wetherspoon plc (LON:JDW) opened at 1226.00 on Monday. J D Wetherspoon plc has a 52-week low of GBX 810.00 and a 52-week high of GBX 1,229.00. The stock has a 50 day moving average price of GBX 1,054.49 and a 200-day moving average price of GBX 1,007.69. The firm’s market cap is GBX 1.34 billion.

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The company also recently disclosed a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 26th will be given a GBX 8 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a yield of 0.67%. This is an increase from J D Wetherspoon plc’s previous dividend of $4.00.

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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