Beaufort Securities lowered shares of J D Wetherspoon plc (LON:JDW) to a sell rating in a research note issued to investors on Thursday, November 9th. They currently have GBX 1,142 ($15.02) price objective on the stock.
A number of other equities research analysts have also weighed in on JDW. Deutsche Bank AG restated a sell rating and issued a GBX 760 ($10.00) price objective on shares of J D Wetherspoon plc in a report on Thursday, November 9th. Canaccord Genuity boosted their price objective on shares of J D Wetherspoon plc from GBX 1,200 ($15.78) to GBX 1,275 ($16.77) and gave the stock a hold rating in a report on Wednesday, November 8th. Liberum Capital restated a hold rating and issued a GBX 1,050 ($13.81) price objective on shares of J D Wetherspoon plc in a report on Wednesday, November 8th. Shore Capital restated a sell rating on shares of J D Wetherspoon plc in a report on Wednesday, November 8th. Finally, Peel Hunt restated a reduce rating and issued a GBX 1,100 ($14.47) price objective on shares of J D Wetherspoon plc in a report on Wednesday, November 8th. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 1,078.71 ($14.19).
Shares of J D Wetherspoon plc (JDW) traded up GBX 8 ($0.11) during trading on Thursday, reaching GBX 1,227 ($16.14). 92,961 shares of the company’s stock traded hands, compared to its average volume of 159,285. J D Wetherspoon plc has a twelve month low of GBX 810 ($10.65) and a twelve month high of GBX 1,296 ($17.05).
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The company also recently declared a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 26th will be paid a GBX 8 ($0.11) dividend. This is a boost from J D Wetherspoon plc’s previous dividend of $4.00. The ex-dividend date is Thursday, October 26th. This represents a yield of 0.67%.
In related news, insider John Hutson bought 12,126 shares of the stock in a transaction on Wednesday, September 27th. The shares were acquired at an average price of GBX 1,278 ($16.81) per share, for a total transaction of £154,970.28 ($203,827.80). Also, insider Nigel Connor sold 546 shares of the company’s stock in a transaction dated 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). In the last quarter, insiders purchased 12,146 shares of company stock worth $15,521,728.
About J D Wetherspoon plc
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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