J D Wetherspoon (LON:JDW) Rating Lowered to Sell at Beaufort Securities

Beaufort Securities downgraded shares of J D Wetherspoon (LON:JDW) to a sell rating in a research report sent to investors on Thursday, November 9th. The firm currently has GBX 1,142 ($15.22) price objective on the stock.

JDW has been the topic of a number of other research reports. downgraded J D Wetherspoon to a hold rating and lowered their price target for the stock from GBX 1,200 ($16.00) to GBX 1,090 ($14.53) in a research report on Friday, September 1st. Morgan Stanley boosted their price target on J D Wetherspoon from GBX 830 ($11.07) to GBX 910 ($12.13) and gave the stock an underweight rating in a research report on Monday, September 18th. Peel Hunt upped their target price on J D Wetherspoon from GBX 950 ($12.66) to GBX 1,100 ($14.66) and gave the company a reduce rating in a research report on Wednesday, October 25th. Deutsche Bank reaffirmed a sell rating and issued a GBX 760 ($10.13) target price on shares of J D Wetherspoon in a research report on Thursday, November 9th. Finally, Canaccord Genuity reaffirmed a hold rating and issued a GBX 1,040 ($13.86) target price on shares of J D Wetherspoon in a research report on Friday, September 15th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. J D Wetherspoon has an average rating of Hold and a consensus price target of GBX 1,078.71 ($14.38).

J D Wetherspoon (LON JDW) traded up GBX 4 ($0.05) on Thursday, reaching GBX 1,236 ($16.48). The company had a trading volume of 139,395 shares, compared to its average volume of 159,440. J D Wetherspoon has a fifty-two week low of GBX 810 ($10.80) and a fifty-two week high of GBX 1,296 ($17.28).

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

In other J D Wetherspoon news, insider John Hutson purchased 12,126 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was purchased at an average cost of GBX 1,278 ($17.04) per share, for a total transaction of £154,970.28 ($206,599.49). Also, insider Nigel Connor sold 488 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of GBX 1,229 ($16.38), for a total value of £5,997.52 ($7,995.63). Over the last ninety days, insiders have purchased 12,159 shares of company stock valued at $15,537,718.

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About J D Wetherspoon

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 (LON:JDW)

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