J D Wetherspoon’s (JDW) “Hold” Rating Reaffirmed at Liberum Capital
Liberum Capital reiterated their hold rating on shares of J D Wetherspoon (LON:JDW) in a research note issued to investors on Wednesday morning. The brokerage currently has a GBX 1,330 ($17.38) target price on the stock.
JDW has been the subject of a number of other reports. Canaccord Genuity increased their target price on shares of J D Wetherspoon from GBX 1,300 ($16.99) to GBX 1,360 ($17.77) and gave the company a hold rating in a research report on Monday, September 17th. Numis Securities reissued a reduce rating on shares of J D Wetherspoon in a research report on Monday, September 17th. Peel Hunt downgraded shares of J D Wetherspoon to a hold rating and increased their target price for the company from GBX 1,300 ($16.99) to GBX 1,325 ($17.31) in a research report on Tuesday, September 25th. Berenberg Bank raised shares of J D Wetherspoon to a buy rating and increased their target price for the company from GBX 1,150 ($15.03) to GBX 1,450 ($18.95) in a research report on Tuesday, September 11th. Finally, Barclays increased their target price on shares of J D Wetherspoon from GBX 1,400 ($18.29) to GBX 1,450 ($18.95) and gave the company an overweight rating in a research report on Thursday, September 27th. Five equities research analysts have rated the stock with a sell rating, four have issued 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 1,218 ($15.92).
Shares of J D Wetherspoon stock traded up GBX 49 ($0.64) on Wednesday, reaching GBX 1,187 ($15.51). 397,042 shares of the company traded hands, compared to its average volume of 143,568. J D Wetherspoon has a 52 week low of GBX 926.50 ($12.11) and a 52 week high of GBX 1,346.14 ($17.59).
In related news, insider Su Cacioppo sold 4,333 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of GBX 1,297 ($16.95), for a total transaction of £56,199.01 ($73,433.96). Also, insider John Hutson purchased 8,384 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were acquired at an average price of GBX 1,263 ($16.50) per share, for a total transaction of £105,889.92 ($138,363.94). Insiders have purchased a total of 8,408 shares of company stock worth $10,619,700 over the last 90 days.
J D Wetherspoon Company Profile
J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. As of July 24, 2017, it operated 895 pubs. The company was founded in 1979 and is headquartered in Watford, the United Kingdom.
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