J D Wetherspoon (LON:JDW) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

J D Wetherspoon plc (LON:JDW)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 703.12 and traded as high as GBX 750. J D Wetherspoon shares last traded at GBX 732.50, with a volume of 23,892 shares traded.

Analysts Set New Price Targets

JDW has been the subject of several recent research reports. Peel Hunt reissued a “hold” rating and set a GBX 700 price target on shares of J D Wetherspoon in a research report on Wednesday, November 5th. Shore Capital reaffirmed a “hold” rating on shares of J D Wetherspoon in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of GBX 595.

J D Wetherspoon Stock Up 0.7%

The firm has a market capitalization of £772.10 million, a PE ratio of 12.90, a P/E/G ratio of 3.39 and a beta of 1.34. The company has a quick ratio of 0.19, a current ratio of 0.35 and a debt-to-equity ratio of 283.19. The firm’s 50 day moving average price is GBX 670.61 and its two-hundred day moving average price is GBX 703.12.

J D Wetherspoon (LON:JDW) last issued its quarterly earnings results on Friday, October 3rd. The company reported GBX 50.80 earnings per share (EPS) for the quarter. J D Wetherspoon had a net margin of 2.40% and a return on equity of 12.66%. As a group, research analysts forecast that J D Wetherspoon plc will post 52.8508772 EPS for the current fiscal year.

Insider Activity

In other J D Wetherspoon news, insider Harry Morley purchased 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was acquired at an average cost of GBX 624 per share, with a total value of £46,800. In the last 90 days, insiders have bought 7,616 shares of company stock valued at $4,755,172. Company insiders own 28.40% of the company’s stock.

About J D Wetherspoon

J D Wetherspoon owns and operates pubs and hotels throughout the UK and Ireland. The company aims to provide customers with good-quality food and drinks, served by well-trained and friendly staff, at reasonable prices.

The pubs are individually designed, and the company aims to maintain them in excellent condition.