Liberum Capital Reiterates “Hold” Rating for J D Wetherspoon (JDW)

Liberum Capital restated their hold rating on shares of J D Wetherspoon (LON:JDW) in a research report released on Wednesday morning. The firm currently has a GBX 1,330 ($17.38) price target on the stock.

JDW has been the topic of a number of other research reports. Barclays upped their price objective on J D Wetherspoon from GBX 1,400 ($18.29) to GBX 1,450 ($18.95) and gave the stock an overweight rating in a research note on Thursday, September 27th. Citigroup cut J D Wetherspoon to a sell rating in a research note on Monday, September 3rd. Peel Hunt reiterated an add rating on shares of J D Wetherspoon in a research note on Friday, September 14th. Shore Capital reiterated a sell rating on shares of J D Wetherspoon in a research note on Wednesday, July 11th. Finally, Berenberg Bank upgraded J D Wetherspoon to a buy rating and upped their price objective for the stock from GBX 1,150 ($15.03) to GBX 1,450 ($18.95) in a research note on Tuesday, September 11th. Four 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 company. The company presently has an average rating of Hold and a consensus target price of GBX 1,275.29 ($16.66).

Shares of J D Wetherspoon stock traded up GBX 30 ($0.39) on Wednesday, reaching GBX 1,217 ($15.90). 456,352 shares of the company were exchanged, compared to its average volume of 143,568. 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).

The firm also recently announced a dividend, which will be paid on Thursday, November 29th. Investors of record on Thursday, October 25th will be issued a dividend of GBX 8 ($0.10) per share. The ex-dividend date of this dividend is Thursday, October 25th. This is a positive change from J D Wetherspoon’s previous dividend of $4.00. This represents a dividend yield of 0.63%.

In other J D Wetherspoon news, insider John Hutson bought 8,384 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were acquired at an average cost of GBX 1,263 ($16.50) per share, with a total value of £105,889.92 ($138,363.94). Also, 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). Insiders have purchased a total of 8,408 shares of company stock worth $10,619,700 over the last three months.

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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Analyst Recommendations for J D Wetherspoon (LON:JDW)

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