J D Wetherspoon plc (JDW) Cut to “Hold” at HSBC Holdings plc
HSBC Holdings plc cut shares of J D Wetherspoon plc (LON:JDW) to a hold rating in a research note published on Friday morning. They currently have GBX 1,090 ($14.10) target price on the stock, down from their previous target price of GBX 1,200 ($15.52).
Several other research analysts have also issued reports on the company. Barclays PLC reissued an overweight rating and issued a GBX 1,150 ($14.87) target price on shares of J D Wetherspoon plc in a research report on Wednesday, August 9th. Canaccord Genuity increased their target price on J D Wetherspoon plc from GBX 1,000 ($12.93) to GBX 1,040 ($13.45) and gave the stock a hold rating in a research report on Thursday, July 13th. Numis Securities Ltd reissued a reduce rating and issued a GBX 820 ($10.61) target price on shares of J D Wetherspoon plc in a research report on Thursday, July 13th. Investec reissued a buy rating and issued a GBX 1,150 ($14.87) target price on shares of J D Wetherspoon plc in a research report on Wednesday, July 12th. Finally, Peel Hunt reissued a reduce rating and issued a GBX 875 ($11.32) target price on shares of J D Wetherspoon plc in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 959.17 ($12.41).
Shares of J D Wetherspoon plc (LON JDW) opened at 1064.00 on Friday. J D Wetherspoon plc has a 12-month low of GBX 810.00 and a 12-month high of GBX 1,094.00. The company’s market cap is GBX 1.16 billion. The stock’s 50 day moving average price is GBX 1,037.43 and its 200 day moving average price is GBX 998.39.
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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.
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