J D Wetherspoon plc (JDW) Downgraded to Sell at Beaufort Securities

Beaufort Securities cut shares of J D Wetherspoon plc (LON:JDW) to a sell rating in a research report report published on Thursday morning. The firm currently has GBX 1,142 ($15.02) price objective on the stock.

Several other brokerages also recently weighed in on JDW. Citigroup Inc. restated a neutral rating and issued a GBX 1,280 ($16.84) target price on shares of J D Wetherspoon plc in a research note on Friday, October 6th. Liberum Capital restated a hold rating and issued a GBX 1,050 ($13.81) target price on shares of J D Wetherspoon plc in a research note on Wednesday. Peel Hunt restated a reduce rating and issued a GBX 1,100 ($14.47) target price on shares of J D Wetherspoon plc in a research note on Wednesday. Shore Capital restated a sell rating on shares of J D Wetherspoon plc in a research note on Wednesday. Finally, Deutsche Bank AG upped their target price on shares of J D Wetherspoon plc from GBX 660 ($8.68) to GBX 760 ($10.00) and gave the company a sell rating in a research note on Monday, September 25th. Seven equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. J D Wetherspoon plc has an average rating of Hold and a consensus target price of GBX 1,063.62 ($13.99).

Shares of J D Wetherspoon plc (LON JDW) traded up GBX 4 ($0.05) during mid-day trading on Thursday, hitting GBX 1,243 ($16.35). 106,294 shares of the 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).

TRADEMARK VIOLATION NOTICE: “J D Wetherspoon plc (JDW) Downgraded to Sell at Beaufort Securities” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/11/11/j-d-wetherspoon-plc-jdw-downgraded-to-sell-at-beaufort-securities.html.

The business also recently declared a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 26th will be issued a GBX 8 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, October 26th. This is a boost from J D Wetherspoon plc’s previous dividend of $4.00. This represents a yield of 0.67%.

In other J D Wetherspoon plc news, insider Nigel Connor sold 546 shares of the 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 company’s stock in a transaction on Wednesday, September 27th. The shares were acquired at an average cost of GBX 1,278 ($16.81) per share, for a total transaction of £154,970.28 ($203,827.80). Insiders have acquired 12,160 shares of company stock worth $15,536,442 over the last three months.

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.

Analyst Recommendations for J D Wetherspoon plc (LON:JDW)

Receive News & Ratings for J D Wetherspoon plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J D Wetherspoon plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply