J D Wetherspoon (LON:JDW) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

J D Wetherspoon plc (LON:JDW) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 693.11 and traded as high as GBX 729.50. J D Wetherspoon shares last traded at GBX 723.50, with a volume of 209,065 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JDW. Shore Capital Group reiterated a “hold” rating on shares of J D Wetherspoon in a report on Wednesday, November 5th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 700 price objective on shares of J D Wetherspoon in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of GBX 595.

J D Wetherspoon Stock Performance

The firm has a 50 day moving average of GBX 727.50 and a 200-day moving average of GBX 692.86. The company has a market cap of £762.61 million, a P/E ratio of 12.74, a PEG ratio of 3.39 and a beta of 1.34. The company has a quick ratio of 0.19, a current ratio of 0.35 and a debt-to-equity ratio of 283.19.

Insider Activity at J D Wetherspoon

In other news, insider Ben Whitley sold 6,931 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of GBX 679, for a total transaction of £47,061.49. Insiders acquired a total of 99 shares of company stock worth $75,356 in the last 90 days. Company insiders own 29.89% of the company’s stock.

About J D Wetherspoon

J D Wetherspoon owns and operates pubs and hotels throughout the UK and Ireland. The company aims to provide customers with good-quality food and drinks, served by well-trained and friendly staff, at reasonable prices.

The pubs are individually designed, and the company aims to maintain them in excellent condition.