J D Wetherspoon (LON:JDW) Share Price Crosses Above 200-Day Moving Average – Here’s Why

J D Wetherspoon plc (LON:JDW) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 690.44 and traded as high as GBX 804.50. J D Wetherspoon shares last traded at GBX 804.50, with a volume of 156,539 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of J D Wetherspoon in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 666.67.

J D Wetherspoon Price Performance

The firm has a market capitalization of £844.83 million, a PE ratio of 14.11, a price-to-earnings-growth ratio of 3.39 and a beta of 1.13. The company has a debt-to-equity ratio of 358.49, a quick ratio of 0.19 and a current ratio of 0.30. The business’s 50 day moving average is GBX 794.58 and its two-hundred day moving average is GBX 691.21.

About J D Wetherspoon

J D Wetherspoon owns and operates pubs and hotels throughout the UK and Ireland. The company aims to provide customers with good-quality food and drinks, served by well-trained and friendly staff, at reasonable prices.

The pubs are individually designed, and the company aims to maintain them in excellent condition.