J D Wetherspoon (LON:JDW) Stock Passes Above 200-Day Moving Average – Here’s What Happened

J D Wetherspoon plc (LON:JDW) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 685.64 and traded as high as GBX 852.90. J D Wetherspoon shares last traded at GBX 838.75, with a volume of 497,286 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JDW. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 460 price objective on shares of J D Wetherspoon in a research report on Thursday, May 7th. Shore Capital Group reiterated a “hold” rating on shares of J D Wetherspoon in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 840 price objective on shares of J D Wetherspoon in a report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 666.67.

J D Wetherspoon Trading Down 0.5%

The company has a market cap of £865.57 million, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 3.39 and a beta of 1.13. The company’s 50-day moving average is GBX 772.90 and its 200 day moving average is GBX 686.28. The company has a quick ratio of 0.19, a current ratio of 0.30 and a debt-to-equity ratio of 358.49.

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.