J D Wetherspoon plc (JDW) Price Target Increased to GBX 910 by Analysts at Morgan Stanley
J D Wetherspoon plc (LON:JDW) had its price target hoisted by Morgan Stanley from GBX 830 ($11.19) to GBX 910 ($12.27) in a research report released on Monday. Morgan Stanley currently has an underweight rating on the stock.
A number of other brokerages have also recently issued reports on JDW. Peel Hunt increased their target price on J D Wetherspoon plc from GBX 875 ($11.80) to GBX 950 ($12.81) and gave the stock a reduce rating in a report on Friday. Barclays PLC reiterated an overweight rating and issued a GBX 1,150 ($15.50) target price on shares of J D Wetherspoon plc in a report on Wednesday, August 9th. Liberum Capital started coverage on J D Wetherspoon plc in a report on Wednesday, July 5th. They issued a hold rating and a GBX 1,050 ($14.16) target price on the stock. Numis Securities Ltd reiterated a reduce rating and issued a GBX 820 ($11.06) target price on shares of J D Wetherspoon plc in a report on Monday, September 11th. Finally, Shore Capital reiterated a sell rating on shares of J D Wetherspoon plc in a report on Wednesday, July 12th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 980.77 ($13.22).
Shares of J D Wetherspoon plc (LON JDW) opened at 1226.00 on Monday. The stock has a 50 day moving average of GBX 1,054.49 and a 200-day moving average of GBX 1,007.69. J D Wetherspoon plc has a 12-month low of GBX 810.00 and a 12-month high of GBX 1,229.00. The firm’s market capitalization is GBX 1.34 billion.
The firm also recently announced a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 26th will be given a dividend of GBX 8 ($0.11) per share. The ex-dividend date is Thursday, October 26th. This is a positive change from J D Wetherspoon plc’s previous dividend of $4.00. This represents a dividend yield of 0.67%.
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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