J D Wetherspoon (LON:JDW) had its price objective dropped by Canaccord Genuity from GBX 1,360 ($17.77) to GBX 1,220 ($15.94) in a report released on Thursday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 0.25% from the stock’s current price.

A number of other research firms have also recently issued reports on JDW. Peel Hunt cut J D Wetherspoon to a “hold” rating and raised their target price for the company from GBX 1,300 ($16.99) to GBX 1,325 ($17.31) in a research note on Tuesday, September 25th. Liberum Capital restated a “hold” rating and set a GBX 1,330 ($17.38) price objective on shares of J D Wetherspoon in a research note on Wednesday. Berenberg Bank restated a “buy” rating on shares of J D Wetherspoon in a research note on Wednesday, September 19th. Barclays lifted their price objective 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 note on Thursday, September 27th. Finally, Shore Capital restated a “sell” rating on shares of J D Wetherspoon in a research note on Wednesday, July 11th. 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 stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,275.29 ($16.66).

JDW stock traded up GBX 30 ($0.39) during mid-day trading on Thursday, reaching GBX 1,217 ($15.90). The company had a trading volume of 456,352 shares, compared to its average volume of 143,568. J D Wetherspoon has a one year low of GBX 926.50 ($12.11) and a one year high of GBX 1,346.14 ($17.59).

In related news, insider Su Cacioppo sold 4,333 shares of J D Wetherspoon stock in a transaction dated 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 acquired 8,384 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were bought at an average price of GBX 1,263 ($16.50) per share, for a total transaction of £105,889.92 ($138,363.94). Over the last 90 days, insiders have purchased 8,408 shares of company stock worth $10,619,700.

About J D Wetherspoon

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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Analyst Recommendations for J D Wetherspoon (LON:JDW)

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