Barclays PLC Reaffirms “Overweight” Rating for J D Wetherspoon plc (JDW)
Barclays PLC reaffirmed their overweight rating on shares of J D Wetherspoon plc (LON:JDW) in a research report sent to investors on Monday, Marketbeat.com reports. They currently have a GBX 1,250 ($16.85) target price on the stock.
JDW has been the topic of several other research reports. HSBC Holdings plc lowered J D Wetherspoon plc to a hold rating and dropped their target price for the company from GBX 1,200 ($16.18) to GBX 1,090 ($14.70) in a report on Friday, September 1st. Citigroup Inc. reissued a neutral rating and issued a GBX 1,030 ($13.89) target price on shares of J D Wetherspoon plc in a report on Monday, May 22nd. Canaccord Genuity reissued a hold rating and issued a GBX 1,040 ($14.02) target price on shares of J D Wetherspoon plc in a report on Friday, September 15th. Liberum Capital reissued a hold rating and issued a GBX 1,050 ($14.16) target price on shares of J D Wetherspoon plc in a report on Friday, September 15th. Finally, Peel Hunt increased their target price on J D Wetherspoon plc from GBX 875 ($11.80) to GBX 950 ($12.81) and gave the company a reduce rating in a report on Friday, September 15th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 980.77 ($13.22).
J D Wetherspoon plc (LON JDW) opened at 1233.00 on Monday. The stock’s market capitalization is GBX 1.34 billion. J D Wetherspoon plc has a 52 week low of GBX 810.00 and a 52 week high of GBX 1,243.00. The company’s 50-day moving average price is GBX 1,059.01 and its 200 day moving average price is GBX 1,009.35.
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The company also recently disclosed a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 26th will be issued a dividend of GBX 8 ($0.11) per share. This is a positive change from J D Wetherspoon plc’s previous dividend of $4.00. The ex-dividend date is Thursday, October 26th. 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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