Shore Capital Reiterates “Sell” Rating for J D Wetherspoon plc (JDW)
Several other equities analysts have also issued reports on the stock. Peel Hunt lifted their price target on shares of J D Wetherspoon plc from GBX 875 ($11.51) to GBX 950 ($12.50) and gave the stock a reduce rating in a report on Friday, September 15th. Numis Securities Ltd reaffirmed a reduce rating and issued a GBX 820 ($10.79) price target on shares of J D Wetherspoon plc in a report on Monday, September 11th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 1,040 ($13.68) price target on shares of J D Wetherspoon plc in a report on Friday, September 15th. Liberum Capital reaffirmed a hold rating and issued a GBX 1,050 ($13.81) price target on shares of J D Wetherspoon plc in a report on Friday, September 15th. Finally, Morgan Stanley lifted their price target on shares of J D Wetherspoon plc from GBX 830 ($10.92) to GBX 910 ($11.97) and gave the stock an underweight rating in a report on Monday, September 18th. Seven analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 1,063.62 ($13.99).
J D Wetherspoon plc (LON:JDW) traded up GBX 4 ($0.05) during midday trading on Wednesday, reaching GBX 1,243 ($16.35). 106,294 shares of the company’s stock traded hands, compared to its average volume of 171,077. J D Wetherspoon plc has a fifty-two week low of GBX 810 ($10.65) and a fifty-two week high of GBX 1,296 ($17.05).
The firm also recently announced a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 26th will be given a dividend of GBX 8 ($0.11) per share. The ex-dividend date of this dividend is Thursday, October 26th. This is an increase from J D Wetherspoon plc’s previous dividend of $4.00. This represents a yield of 0.67%.
In related news, insider Nigel Connor sold 546 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of GBX 1,237 ($16.27), for a total transaction of £6,754.02 ($8,883.36). Also, insider John Hutson bought 12,126 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were acquired at an average price of GBX 1,278 ($16.81) per share, with a total value of £154,970.28 ($203,827.80). Insiders have purchased 12,160 shares of company stock valued at $15,536,442 over the last 90 days.
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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