J D Wetherspoon PLC (NASDAQ:JDWPY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of J D Wetherspoon PLC (NASDAQ:JDWPY) from a buy rating to a hold rating in a research note published on Thursday, September 7th.

According to Zacks, “JD Wetherspoon Plc owns and operates pubs. The principal activity of the company is development and management of public houses. It operates primarily in United Kingdom. JD Wetherspoon Plc is headquartered in Watford, the United Kingdom. “

Separately, HSBC Holdings plc downgraded shares of J D Wetherspoon PLC from a buy rating to a hold rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. J D Wetherspoon PLC currently has a consensus rating of Hold and an average target price of $73.00.

Shares of J D Wetherspoon PLC (NASDAQ:JDWPY) traded up 18.52% during midday trading on Thursday, hitting $80.00. The company had a trading volume of 100 shares. The firm has a market capitalization of $1.74 billion and a P/E ratio of 27.87. J D Wetherspoon PLC has a 1-year low of $60.04 and a 1-year high of $80.00. The stock has a 50 day moving average price of $64.31 and a 200 day moving average price of $62.75.

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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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