J D Wetherspoon (LON:JDW) Sets New 52-Week High – Here’s What Happened

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 825 and last traded at GBX 805.39, with a volume of 7658 shares changing hands. The stock had previously closed at GBX 806.50.

Analysts Set New Price Targets

JDW has been the subject of several recent research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 840 price objective on shares of J D Wetherspoon in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 460 target price on shares of J D Wetherspoon in a report on Thursday, May 7th. Finally, Shore Capital Group restated a “hold” rating on shares of J D Wetherspoon in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 666.67.

J D Wetherspoon Price Performance

The company has a market capitalization of £854.71 million, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 3.39 and a beta of 1.11. The business’s 50-day moving average is GBX 715.96 and its two-hundred day moving average is GBX 670.28. The company has a quick ratio of 0.19, a current ratio of 0.30 and a debt-to-equity ratio of 358.49.

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.