J D Wetherspoon plc’s (JDW) “Sell” Rating Reaffirmed at Deutsche Bank AG

Deutsche Bank AG reaffirmed their sell rating on shares of J D Wetherspoon plc (LON:JDW) in a research report released on Thursday. They currently have a GBX 760 ($10.00) target price on the stock.

Other equities analysts also recently issued research reports about the stock. HSBC Holdings plc downgraded shares of J D Wetherspoon plc to a hold rating and reduced their price target for the company from GBX 1,200 ($15.78) to GBX 1,090 ($14.34) in a report on Friday, September 1st. Morgan Stanley boosted their price target on shares of J D Wetherspoon plc from GBX 830 ($10.92) to GBX 910 ($11.97) and gave the company an underweight rating in a report on Monday, September 18th. Peel Hunt boosted their price target on shares of J D Wetherspoon plc from GBX 950 ($12.50) to GBX 1,100 ($14.47) and gave the company a reduce rating in a report on Wednesday, October 25th. Canaccord Genuity reissued a hold rating and set a GBX 1,040 ($13.68) price target on shares of J D Wetherspoon plc in a report on Friday, September 15th. Finally, Barclays PLC reissued an overweight rating and set a GBX 1,250 ($16.44) price target on shares of J D Wetherspoon plc in a report on Monday, September 18th. Seven investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 1,063.62 ($13.99).

J D Wetherspoon plc (JDW) traded up GBX 4 ($0.05) during trading on Thursday, reaching GBX 1,243 ($16.35). 106,294 shares of the company’s stock were exchanged, 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).

TRADEMARK VIOLATION NOTICE: “J D Wetherspoon plc’s (JDW) “Sell” Rating Reaffirmed at Deutsche Bank AG” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/11/11/j-d-wetherspoon-plcs-jdw-sell-rating-reaffirmed-at-deutsche-bank-ag.html.

The business also recently disclosed a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 26th will be paid a dividend of GBX 8 ($0.11) per share. This is a boost from J D Wetherspoon plc’s previous dividend of $4.00. This represents a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, October 26th.

In other J D Wetherspoon plc news, insider Nigel Connor sold 488 shares of the business’s stock in a transaction dated 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). Also, insider John Hutson purchased 12,126 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was acquired at an average price of GBX 1,278 ($16.81) per share, for a total transaction of £154,970.28 ($203,827.80). Over the last quarter, insiders acquired 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.

Analyst Recommendations for J D Wetherspoon plc (LON:JDW)

Receive News & Ratings for J D Wetherspoon plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J D Wetherspoon plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply