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).
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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.
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