J D Wetherspoon (JDW) Price Target Cut to GBX 1,400
J D Wetherspoon (LON:JDW) had its target price reduced by equities research analysts at Berenberg Bank from GBX 1,450 ($18.95) to GBX 1,400 ($18.29) in a note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 15.04% from the company’s previous close.
Several other equities research analysts also recently issued reports on JDW. Shore Capital restated a “sell” rating on shares of J D Wetherspoon in a research note on Wednesday, July 11th. Liberum Capital restated a “hold” rating and issued a GBX 1,330 ($17.38) price objective on shares of J D Wetherspoon in a research note on Wednesday. Barclays raised their price objective on shares of J D Wetherspoon from GBX 1,400 ($18.29) to GBX 1,450 ($18.95) and gave the stock an “overweight” rating in a research note on Thursday, September 27th. Peel Hunt downgraded shares of J D Wetherspoon to a “hold” rating and raised their price objective for the stock from GBX 1,300 ($16.99) to GBX 1,325 ($17.31) in a research note on Tuesday, September 25th. Finally, Canaccord Genuity raised their price objective on shares of J D Wetherspoon from GBX 1,300 ($16.99) to GBX 1,360 ($17.77) and gave the stock a “hold” rating in a research note on Monday, September 17th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. J D Wetherspoon presently has an average rating of “Hold” and an average price target of GBX 1,275.29 ($16.66).
Shares of J D Wetherspoon stock traded up GBX 30 ($0.39) during midday trading on Thursday, hitting 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 1-year low of GBX 926.50 ($12.11) and a 1-year high of GBX 1,346.14 ($17.59).
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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