Royal Bank of Canada initiated coverage on shares of J D Wetherspoon (LON:JDW) in a research report issued to clients and investors on Tuesday. The firm set an “underperform” rating and a GBX 1,100 ($14.37) price target on the stock. Royal Bank of Canada’s price target indicates a potential downside of 2.05% from the company’s previous close.
Several other analysts have also commented on the stock. JPMorgan Chase & Co. began coverage on shares of J D Wetherspoon in a research report on Tuesday, November 20th. They set an “underweight” rating and a GBX 930 ($12.15) price target on the stock. Canaccord Genuity reduced their price target on shares of J D Wetherspoon from GBX 1,360 ($17.77) to GBX 1,220 ($15.94) and set a “hold” rating on the stock in a research report on Thursday, November 8th. Berenberg Bank reduced their price target on shares of J D Wetherspoon from GBX 1,450 ($18.95) to GBX 1,400 ($18.29) and set a “buy” rating on the stock in a research report on Thursday, November 8th. Peel Hunt reaffirmed a “hold” rating on shares of J D Wetherspoon in a research report on Wednesday, November 7th. Finally, Liberum Capital reaffirmed a “hold” rating and set a GBX 1,330 ($17.38) price target on shares of J D Wetherspoon in a research report on Wednesday, November 7th. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 1,217.44 ($15.91).
JDW stock opened at GBX 1,123 ($14.67) on Tuesday. J D Wetherspoon has a one year low of GBX 926.50 ($12.11) and a one year high of GBX 1,346.14 ($17.59).
In other J D Wetherspoon news, insider Su Cacioppo sold 4,333 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of GBX 1,297 ($16.95), for a total value of £56,199.01 ($73,433.96). Also, insider John Hutson bought 8,384 shares of the business’s stock in a transaction on Monday, September 17th. The stock was purchased at an average cost of GBX 1,263 ($16.50) per share, for a total transaction of £105,889.92 ($138,363.94). In the last three months, insiders acquired 8,408 shares of company stock worth $10,619,700.
J D Wetherspoon Company Profile
J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. As of July 24, 2017, it operated 895 pubs. The company was founded in 1979 and is headquartered in Watford, the United Kingdom.
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