J D Wetherspoon plc (JDW) Receives GBX 988.46 Average Target Price from Brokerages

Shares of J D Wetherspoon plc (LON:JDW) have received an average rating of “Hold” from the fifteen brokerages that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,007.69 ($13.37).

JDW has been the subject of a number of research reports. Peel Hunt upped their price objective on J D Wetherspoon plc from GBX 875 ($11.61) to GBX 950 ($12.60) and gave the stock a “reduce” rating in a report on Friday, September 15th. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,150 ($15.25) price objective on shares of J D Wetherspoon plc in a report on Wednesday, August 9th. Liberum Capital initiated coverage on J D Wetherspoon plc in a report on Wednesday, July 5th. They issued a “hold” rating and a GBX 1,050 ($13.93) price objective for the company. Numis Securities Ltd reiterated a “reduce” rating and issued a GBX 820 ($10.88) price objective on shares of J D Wetherspoon plc in a report on Monday, September 11th. Finally, Shore Capital reiterated a “sell” rating on shares of J D Wetherspoon plc in a report on Wednesday, July 12th.

J D Wetherspoon plc (LON:JDW) traded down 2.42% during trading on Wednesday, reaching GBX 1252.00. The company’s stock had a trading volume of 220,958 shares. The stock has a 50-day moving average price of GBX 1,137.18 and a 200 day moving average price of GBX 1,035.73. J D Wetherspoon plc has a 52-week low of GBX 810.00 and a 52-week high of GBX 1,296.00. The company’s market cap is GBX 1.33 billion.

The firm also recently declared a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 26th will be given a dividend of GBX 8 ($0.11) per share. This is a positive change from J D Wetherspoon plc’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, October 26th. This represents a yield of 0.67%.

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In other news, insider Nigel Connor sold 546 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of GBX 1,237 ($16.41), for a total value of £6,754.02 ($8,958.77). Also, insider John Hutson bought 12,126 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was purchased at an average cost of GBX 1,278 ($16.95) per share, with a total value of £154,970.28 ($205,558.14). Insiders have acquired a total of 12,162 shares of company stock valued at $15,536,032 in the last ninety days.

About J D Wetherspoon plc

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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