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.
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