J D Wetherspoon plc (JDW) Given “Neutral” Rating at Citigroup Inc.

Citigroup Inc. reiterated their neutral rating on shares of J D Wetherspoon plc (LON:JDW) in a report issued on Friday morning. Citigroup Inc. currently has a GBX 1,280 ($16.83) price objective on the stock.

JDW has been the topic of several other research reports. HSBC Holdings plc cut shares of J D Wetherspoon plc to a hold rating and decreased their price target for the stock from GBX 1,200 ($15.78) to GBX 1,090 ($14.33) in a research note on Friday, September 1st. Morgan Stanley boosted their price target on shares of J D Wetherspoon plc from GBX 830 ($10.91) to GBX 910 ($11.96) and gave the stock an underweight rating in a research note on Monday, September 18th. Canaccord Genuity reiterated a hold rating and issued a GBX 1,040 ($13.67) price target on shares of J D Wetherspoon plc in a research note on Friday, September 15th. Barclays PLC reiterated an overweight rating and issued a GBX 1,250 ($16.43) price target on shares of J D Wetherspoon plc in a research note on Monday, September 18th. Finally, Liberum Capital reiterated a hold rating and issued a GBX 1,050 ($13.80) price target on shares of J D Wetherspoon plc in a research note on Friday, September 15th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 1,007.69 ($13.25).

Shares of J D Wetherspoon plc (LON JDW) opened at 1251.00 on Friday. J D Wetherspoon plc has a 52-week low of GBX 810.00 and a 52-week high of GBX 1,296.00. The firm’s 50-day moving average price is GBX 1,145.04 and its 200-day moving average price is GBX 1,039.70. The stock’s market cap is GBX 1.33 billion.

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

In related news, insider Nigel Connor sold 546 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of GBX 1,237 ($16.26), for a total transaction of £6,754.02 ($8,879.86). Also, insider John Hutson purchased 12,126 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were purchased at an average price of GBX 1,278 ($16.80) per share, for a total transaction of £154,970.28 ($203,747.41). Insiders have bought a total of 12,162 shares of company stock worth $15,536,032 over the last 90 days.

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)

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