J D Wetherspoon (LON:JDW) Shares Pass Above 200-Day Moving Average of $1,456.64

J D Wetherspoon plc (LON:JDW) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1,456.64 and traded as high as $1,496.00. J D Wetherspoon shares last traded at $1,487.00, with a volume of 38,296 shares.

JDW has been the subject of a number of analyst reports. Liberum Capital restated a “hold” rating on shares of J D Wetherspoon in a report on Friday, September 13th. HSBC restated a “buy” rating on shares of J D Wetherspoon in a report on Monday, July 15th. Shore Capital restated a “sell” rating on shares of J D Wetherspoon in a report on Friday, September 13th. Berenberg Bank upped their target price on J D Wetherspoon from GBX 1,400 ($18.29) to GBX 1,750 ($22.87) and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of J D Wetherspoon in a research report on Monday, September 16th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 1,357.50 ($17.74).

The stock has a 50-day simple moving average of GBX 1,512.32 and a 200-day simple moving average of GBX 1,457.44. The company has a market capitalization of $1.56 billion and a price-to-earnings ratio of 21.55. The company has a current ratio of 0.28, a quick ratio of 0.14 and a debt-to-equity ratio of 261.78.

The firm also recently announced a dividend, which will be paid on Thursday, November 28th. Shareholders of record on Thursday, October 24th will be given a GBX 8 ($0.10) dividend. This represents a dividend yield of 0.52%. This is a positive change from J D Wetherspoon’s previous dividend of $4.00. The ex-dividend date is Thursday, October 24th. J D Wetherspoon’s dividend payout ratio is presently 0.17%.

In other J D Wetherspoon news, insider Su Cacioppo sold 4,498 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of GBX 1,531 ($20.01), for a total value of £68,864.38 ($89,983.51).

About J D Wetherspoon (LON:JDW)

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. As of July 29, 2018, it operated 883 pubs. The company was founded in 1979 and is based in Watford, the United Kingdom.

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