Numis Securities Ltd Reiterates “Reduce” Rating for J D Wetherspoon plc (JDW)
Numis Securities Ltd restated their reduce rating on shares of J D Wetherspoon plc (LON:JDW) in a research report sent to investors on Monday morning. Numis Securities Ltd currently has a GBX 975 ($13.15) price objective on the stock.
A number of other research firms also recently commented on JDW. HSBC Holdings plc downgraded J D Wetherspoon plc to a hold rating and decreased their target price for the stock from GBX 1,200 ($16.18) to GBX 1,090 ($14.70) in a research report on Friday, September 1st. Peel Hunt boosted 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 research report on Friday, September 15th. Liberum Capital reissued a hold rating and issued a GBX 1,050 ($14.16) price target on shares of J D Wetherspoon plc in a report on Friday, September 15th. Canaccord Genuity reissued a hold rating and issued a GBX 1,040 ($14.02) price target on shares of J D Wetherspoon plc in a report on Friday, September 15th. Finally, Shore Capital reissued a sell rating on shares of J D Wetherspoon plc in a report on Friday, September 15th. Six analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. J D Wetherspoon plc currently has an average rating of Hold and a consensus target price of GBX 980.77 ($13.22).
Shares of J D Wetherspoon plc (LON JDW) opened at 1230.00 on Monday. J D Wetherspoon plc has a 52 week low of GBX 810.00 and a 52 week high of GBX 1,243.00. The firm’s market capitalization is GBX 1.34 billion. The firm has a 50 day moving average price of GBX 1,059.01 and a 200-day moving average price of GBX 1,009.35.
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The firm also recently announced a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 26th will be paid a GBX 8 ($0.11) dividend. This is a positive change from J D Wetherspoon plc’s previous dividend of $4.00. This represents a yield of 0.67%. The ex-dividend date is Thursday, October 26th.
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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