Canaccord Genuity Raises J D Wetherspoon plc (JDW) Price Target to GBX 1,275
J D Wetherspoon plc (LON:JDW) had its target price increased by Canaccord Genuity from GBX 1,200 ($15.78) to GBX 1,275 ($16.77) in a research report released on Wednesday morning. The brokerage currently has a hold rating on the stock.
Several other equities research analysts also recently issued reports on the company. Peel Hunt increased their price objective on J D Wetherspoon plc from GBX 875 ($11.51) to GBX 950 ($12.50) and gave the stock a reduce rating in a research note on Friday, September 15th. Numis Securities Ltd reissued a reduce rating and issued a GBX 820 ($10.79) price objective on shares of J D Wetherspoon plc in a research note on Monday, September 11th. Liberum Capital reaffirmed a hold rating and set a GBX 1,050 ($13.81) price target on shares of J D Wetherspoon plc in a research note on Friday, September 15th. Morgan Stanley raised their price target on J D Wetherspoon plc from GBX 830 ($10.92) to GBX 910 ($11.97) and gave the stock an underweight rating in a research note on Monday, September 18th. Finally, Investec reaffirmed a buy rating and set a GBX 1,150 ($15.13) price target on shares of J D Wetherspoon plc in a research note on Wednesday, July 12th. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 1,063.62 ($13.99).
Shares of J D Wetherspoon plc (LON:JDW) traded up GBX 4 ($0.05) during trading on Wednesday, reaching GBX 1,243 ($16.35). The company had a trading volume of 106,294 shares, compared to its average volume of 171,077. J D Wetherspoon plc has a 1 year low of GBX 810 ($10.65) and a 1 year high of GBX 1,296 ($17.05).
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The business also recently disclosed a dividend, which will be paid on Thursday, November 30th. Stockholders 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 of this dividend is Thursday, October 26th. This represents a dividend yield of 0.67%.
In other J D Wetherspoon plc news, insider John Hutson bought 12,126 shares of the stock in a transaction on Wednesday, September 27th. The shares were purchased at an average price of GBX 1,278 ($16.81) per share, with a total value of £154,970.28 ($203,827.80). Also, insider Nigel Connor sold 488 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of GBX 1,229 ($16.16), for a total value of £5,997.52 ($7,888.36). In the last three months, insiders have bought 12,160 shares of company stock worth $15,536,442.
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.
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