J D Wetherspoon plc (JDW) Stock Rating Reaffirmed by Numis Securities Ltd

J D Wetherspoon plc (LON:JDW)‘s stock had its “reduce” rating restated by investment analysts at Numis Securities Ltd in a research note issued on Thursday, May 4th. They presently have a GBX 820 ($10.58) price target on the stock. Numis Securities Ltd’s target price points to a potential downside of 19.13% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Goodbody upgraded shares of J D Wetherspoon plc to a “buy” rating and upped their target price for the stock from GBX 975 ($12.59) to GBX 1,095 ($14.13) in a research note on Thursday, March 23rd. Citigroup Inc reissued a “buy” rating and set a GBX 1,030 ($13.30) price objective on shares of J D Wetherspoon plc in a report on Thursday, January 19th. Peel Hunt cut shares of J D Wetherspoon plc to a “reduce” rating and set a GBX 925 ($11.94) price objective for the company. in a report on Monday, March 6th. Barclays PLC reissued an “overweight” rating on shares of J D Wetherspoon plc in a report on Tuesday, March 14th. Finally, Deutsche Bank AG reissued a “sell” rating and set a GBX 600 ($7.74) price objective on shares of J D Wetherspoon plc in a report on Wednesday, February 15th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 949.09 ($12.25).

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

J D Wetherspoon plc (LON:JDW) traded down 0.39% during midday trading on Thursday, reaching GBX 1014.00. 81,734 shares of the company’s stock traded hands. The firm’s 50-day moving average is GBX 997.59 and its 200 day moving average is GBX 925.33. J D Wetherspoon plc has a 52-week low of GBX 662.50 and a 52-week high of GBX 1,060.00. The firm’s market cap is GBX 1.10 billion.

The firm also recently announced a dividend, which will be paid on Thursday, May 25th. Shareholders of record on Thursday, April 27th will be issued a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, April 27th. This represents a yield of 0.43%.

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In other news, insider Nigel Connor sold 733 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of GBX 1,048 ($13.53), for a total value of £7,681.84 ($9,915.89). Also, insider John Hutson acquired 9,107 shares of J D Wetherspoon plc stock in a transaction dated Monday, March 13th. The stock was purchased at an average cost of GBX 951 ($12.28) per share, with a total value of £86,607.57 ($111,794.98). Over the last ninety days, insiders have acquired 9,168 shares of company stock valued at $8,720,312 and have sold 10,021 shares valued at $9,578,170.

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.

12 Month Chart for LON:JDW

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