J D Wetherspoon (LON:JDW) Sets New 12-Month High – Here’s Why

Shares of J D Wetherspoon plc (LON:JDW) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 782 and last traded at GBX 779.50, with a volume of 178327 shares traded. The stock had previously closed at GBX 759.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Shore Capital Group reissued a “hold” rating on shares of J D Wetherspoon in a report on Wednesday, July 22nd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 840 price target on shares of J D Wetherspoon in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 460 target price on shares of J D Wetherspoon in a research report on Thursday, May 7th. One 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.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 666.67.

J D Wetherspoon Price Performance

The stock has a 50 day moving average of GBX 679.38 and a two-hundred day moving average of GBX 667. The stock has a market cap of £811.63 million, a PE ratio of 13.56, a PEG ratio of 3.39 and a beta of 1.11. The company has a debt-to-equity ratio of 358.49, a quick ratio of 0.19 and a current ratio of 0.30.

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.