J D Wetherspoon (LON:JDW) Reaches New 12-Month High – Here’s What Happened

J D Wetherspoon plc (LON:JDW) reached a new 52-week high on Thursday. The stock traded as high as GBX 989.50 and last traded at GBX 989.50, with a volume of 343,566 shares. The stock had previously closed at GBX 962.50.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Peel Hunt reaffirmed a “hold” rating and issued a GBX 800 target price on shares of J D Wetherspoon in a report on Friday, October 2nd. Shore Capital Group reiterated a “hold” rating and set a GBX 813 price target on shares of J D Wetherspoon in a report on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of J D Wetherspoon from GBX 460 to GBX 540 and gave the stock a “sell” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 748.25.

J D Wetherspoon Trading Down 1.9%

The business has a 50-day moving average price of GBX 833.33 and a 200-day moving average price of GBX 713.62. The company has a quick ratio of 0.19, a current ratio of 0.23 and a debt-to-equity ratio of 353.03. The firm has a market capitalization of £1.04 billion, a P/E ratio of 17.30, a PEG ratio of 3.39 and a beta of 1.13.

J D Wetherspoon (LON:JDW) last posted its quarterly earnings results on Friday, October 2nd. The company reported GBX 51.60 earnings per share for the quarter. J D Wetherspoon had a net margin of 2.70% and a return on equity of 17.99%. Analysts anticipate that J D Wetherspoon plc will post 52.85 earnings per share for the current year.

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.