J D Wetherspoon plc (JDW) Receives Reduce Rating from Peel Hunt

Peel Hunt restated their reduce rating on shares of J D Wetherspoon plc (LON:JDW) in a report published on Wednesday morning. Peel Hunt currently has a GBX 875 ($11.43) target price on the stock.

A number of other brokerages also recently commented on JDW. Berenberg Bank restated a sell rating and set a GBX 750 ($9.79) price objective on shares of J D Wetherspoon plc in a research note on Wednesday, May 10th. Beaufort Securities restated a hold rating on shares of J D Wetherspoon plc in a research note on Thursday, May 4th. Numis Securities Ltd restated a reduce rating and set a GBX 820 ($10.71) price objective on shares of J D Wetherspoon plc in a research note on Thursday, May 4th. Canaccord Genuity upgraded J D Wetherspoon plc to a hold rating and upped their price objective for the stock from GBX 850 ($11.10) to GBX 1,000 ($13.06) in a research note on Thursday, May 4th. Finally, Barclays PLC upped their price objective on J D Wetherspoon plc from GBX 1,050 ($13.71) to GBX 1,150 ($15.02) and gave the stock an overweight rating in a research note on Thursday, May 4th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. J D Wetherspoon plc has an average rating of Hold and an average target price of GBX 956.67 ($12.49).

Shares of J D Wetherspoon plc (LON JDW) opened at 1017.00 on Wednesday. The firm’s market capitalization is GBX 1.11 billion. The company’s 50 day moving average price is GBX 1,011.55 and its 200 day moving average price is GBX 958.99. J D Wetherspoon plc has a one year low of GBX 740.58 and a one year high of GBX 1,060.00.

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In related news, insider Nigel Connor sold 733 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of GBX 1,048 ($13.69), for a total transaction of £7,681.84 ($10,031.13). Insiders have purchased 45 shares of company stock worth $45,198 over the last three months.

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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