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).
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.
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