J D Wetherspoon (LON:JDW) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

J D Wetherspoon plc (LON:JDW) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 667.60 and traded as high as GBX 718.94. J D Wetherspoon shares last traded at GBX 718.50, with a volume of 157,656 shares traded.

Analysts Set New Price Targets

Several research analysts have recently commented on JDW shares. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 460 price objective on shares of J D Wetherspoon in a research note on Thursday, May 7th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 840 price target on shares of J D Wetherspoon in a research report on Wednesday, May 6th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of J D Wetherspoon in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, J D Wetherspoon currently has a consensus rating of “Hold” and an average target price of GBX 666.67.

J D Wetherspoon Stock Down 0.1%

The firm’s fifty day simple moving average is GBX 633.99 and its 200 day simple moving average is GBX 667.69. The company has a current ratio of 0.30, a quick ratio of 0.19 and a debt-to-equity ratio of 358.49. The company has a market cap of £756.82 million, a price-to-earnings ratio of 12.64, a PEG ratio of 3.39 and a beta of 1.11.

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.