J D Wetherspoon plc (LON:JDW) Downgraded by Beaufort Securities to Sell

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.

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

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