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.
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