J D Wetherspoon plc (JDW) Cut to “Sell” at Beaufort Securities

Beaufort Securities downgraded shares of J D Wetherspoon plc (LON:JDW) to a sell rating in a research report sent to investors on Thursday morning. Beaufort Securities currently has GBX 1,142 ($15.02) target price on the stock.

Several other research firms have also recently weighed in on JDW. Peel Hunt lifted their price objective on J D Wetherspoon plc from GBX 875 ($11.51) to GBX 950 ($12.50) and gave the company a reduce rating in a report on Friday, September 15th. Barclays PLC reiterated an overweight rating and set a GBX 1,150 ($15.13) price objective on shares of J D Wetherspoon plc in a report on Wednesday, August 9th. Numis Securities Ltd reiterated a reduce rating and set a GBX 820 ($10.79) price objective on shares of J D Wetherspoon plc in a report on Monday, September 11th. Shore Capital reiterated a sell rating on shares of J D Wetherspoon plc in a report on Wednesday, July 12th. Finally, Liberum Capital reiterated a hold rating and set a GBX 1,050 ($13.81) price objective on shares of J D Wetherspoon plc in a report on Friday, September 15th. Seven analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. J D Wetherspoon plc currently has a consensus rating of Hold and an average target price of GBX 1,063.62 ($13.99).

Shares of J D Wetherspoon plc (LON:JDW) traded up GBX 4 ($0.05) on Thursday, reaching GBX 1,243 ($16.35). The company’s stock had a trading volume of 106,294 shares, compared to its average volume of 171,077. J D Wetherspoon plc has a 12-month low of GBX 810 ($10.65) and a 12-month high of GBX 1,296 ($17.05).

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

In other J D Wetherspoon plc news, insider Nigel Connor sold 546 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of GBX 1,237 ($16.27), for a total value of £6,754.02 ($8,883.36). Also, insider John Hutson acquired 12,126 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was purchased at an average cost of GBX 1,278 ($16.81) per share, for a total transaction of £154,970.28 ($203,827.80). Insiders have purchased a total of 12,160 shares of company stock worth $15,536,442 over the last three months.

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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