J D Wetherspoon plc (LON:JDW) Lowered to Reduce at Peel Hunt
J D Wetherspoon plc (LON:JDW) was downgraded by Peel Hunt to a “reduce” rating in a report released on Wednesday, July 5th. They currently have a GBX 875 ($11.54) price target on the stock, down from their previous price target of GBX 1,000 ($13.19). Peel Hunt’s price objective suggests a potential downside of 14.22% from the company’s current price.
A number of other brokerages also recently issued reports on JDW. Berenberg Bank reiterated a “sell” rating and set a GBX 750 ($9.89) price target on shares of J D Wetherspoon plc in a research report on Wednesday, May 10th. Beaufort Securities reiterated a “hold” rating on shares of J D Wetherspoon plc in a research report on Thursday, May 4th. Numis Securities Ltd reissued a “reduce” rating and set a GBX 820 ($10.82) price objective on shares of J D Wetherspoon plc in a report on Thursday, May 4th. Canaccord Genuity raised J D Wetherspoon plc to a “hold” rating and raised their price objective for the company from GBX 850 ($11.21) to GBX 1,000 ($13.19) in a report on Thursday, May 4th. Finally, Barclays PLC raised their price objective on J D Wetherspoon plc from GBX 1,050 ($13.85) to GBX 1,150 ($15.17) and gave the company an “overweight” rating in a report on Thursday, May 4th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. J D Wetherspoon plc presently has an average rating of “Hold” and an average price target of GBX 956.67 ($12.62).
Shares of J D Wetherspoon plc (LON:JDW) traded up 0.69% on Wednesday, reaching GBX 1027.00. The company’s stock had a trading volume of 167,742 shares. J D Wetherspoon plc has a 12 month low of GBX 752.14 and a 12 month high of GBX 1,060.00. The stock’s market cap is GBX 1.12 billion. The firm’s 50-day moving average price is GBX 1,001.96 and its 200-day moving average price is GBX 981.64.
COPYRIGHT VIOLATION NOTICE: “J D Wetherspoon plc (LON:JDW) Lowered to Reduce at Peel Hunt” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/08/04/j-d-wetherspoon-plc-lonjdw-downgraded-by-peel-hunt-updated-updated-updated.html.
In other J D Wetherspoon plc news, insider Nigel Connor sold 733 shares of J D Wetherspoon plc stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of GBX 1,048 ($13.82), for a total value of £7,681.84 ($10,133.02). Insiders acquired a total of 41 shares of company stock worth $41,730 over the last ninety days.
J D Wetherspoon plc Company Profile
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.
Receive News & Stock Ratings for J D Wetherspoon plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J D Wetherspoon plc and related stocks with our FREE daily email newsletter.