J D Wetherspoon (JDW) Sets New 1-Year High at $1,307.00
J D Wetherspoon plc (LON:JDW)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 1,307 ($17.59) and last traded at GBX 1,270 ($17.09), with a volume of 105942 shares. The stock had previously closed at GBX 1,270 ($17.09).
JDW has been the topic of a number of recent analyst reports. lowered shares of J D Wetherspoon to a “hold” rating and cut their price objective for the stock from GBX 1,200 ($16.15) to GBX 1,090 ($14.67) in a report on Friday, September 1st. Barclays reiterated an “overweight” rating and issued a GBX 1,150 ($15.48) price objective on shares of J D Wetherspoon in a report on Monday, September 11th. Numis Securities reiterated a “reduce” rating and issued a GBX 820 ($11.04) price objective on shares of J D Wetherspoon in a report on Monday, September 11th. Shore Capital reiterated a “sell” rating on shares of J D Wetherspoon in a report on Friday, September 15th. Finally, Liberum Capital restated a “hold” rating and issued a GBX 1,050 ($14.13) target price on shares of J D Wetherspoon in a research note on Friday, September 15th. Seven equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. J D Wetherspoon presently has an average rating of “Hold” and an average price target of GBX 1,078.71 ($14.52).
In other news, insider Nigel Connor sold 488 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of GBX 1,229 ($16.54), for a total value of £5,997.52 ($8,072.03). Also, insider John Hutson acquired 12,126 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was bought at an average price of GBX 1,278 ($17.20) per share, with a total value of £154,970.28 ($208,573.73). In the last ninety days, insiders have purchased 12,161 shares of company stock valued at $15,540,692.
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About J D Wetherspoon
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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