Barclays PLC Reaffirms “Overweight” Rating for J D Wetherspoon plc (JDW)
J D Wetherspoon plc (LON:JDW)‘s stock had its “overweight” rating restated by equities research analysts at Barclays PLC in a note issued to investors on Wednesday. They presently have a GBX 1,150 ($14.98) price objective on the stock. Barclays PLC’s target price would suggest a potential upside of 12.30% from the stock’s current price.
JDW has been the topic of several other research reports. Canaccord Genuity upgraded shares of J D Wetherspoon plc to a “hold” rating and lifted their price target for the company from GBX 850 ($11.07) to GBX 1,000 ($13.02) in a report on Thursday, May 4th. Citigroup Inc. restated a “neutral” rating and set a GBX 1,030 ($13.41) target price on shares of J D Wetherspoon plc in a report on Monday, May 22nd. Beaufort Securities restated a “hold” rating on shares of J D Wetherspoon plc in a report on Thursday, May 4th. Peel Hunt restated a “reduce” rating and set a GBX 875 ($11.39) target price on shares of J D Wetherspoon plc in a report on Wednesday, July 12th. Finally, Investec restated a “buy” rating and set a GBX 1,150 ($14.98) target price on shares of J D Wetherspoon plc in a report on Wednesday, July 12th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 956.67 ($12.46).
Shares of J D Wetherspoon plc (LON:JDW) opened at 1024.00 on Wednesday. The company’s market cap is GBX 1.12 billion. The firm has a 50-day moving average of GBX 1,003.45 and a 200-day moving average of GBX 984.61. J D Wetherspoon plc has a 12-month low of GBX 810.00 and a 12-month high of GBX 1,060.00.
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In related news, insider Nigel Connor sold 733 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of GBX 1,048 ($13.65), for a total value of £7,681.84 ($10,003.70). In the last quarter, insiders purchased 41 shares of company stock worth $41,730.
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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