J D Wetherspoon plc (JDW) Receives “Overweight” Rating from Barclays PLC
JDW has been the subject of several other reports. Citigroup Inc. reaffirmed a neutral rating and issued a GBX 1,280 ($16.84) price objective on shares of J D Wetherspoon plc in a report on Friday, October 6th. Deutsche Bank AG raised their price objective on shares of J D Wetherspoon plc from GBX 660 ($8.68) to GBX 760 ($10.00) and gave the stock a sell rating in a report on Monday, September 25th. Peel Hunt raised their price objective on shares of J D Wetherspoon plc from GBX 950 ($12.50) to GBX 1,100 ($14.47) and gave the stock a reduce rating in a report on Wednesday, October 25th. Numis Securities Ltd reaffirmed a reduce rating and issued a GBX 975 ($12.82) price objective on shares of J D Wetherspoon plc in a report on Monday, September 18th. Finally, Morgan Stanley raised their price objective on shares of J D Wetherspoon plc from GBX 830 ($10.92) to GBX 910 ($11.97) and gave the stock an underweight rating in a report on Monday, September 18th. Seven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 1,063.62 ($13.99).
Shares of J D Wetherspoon plc (LON JDW) traded up GBX 4 ($0.05) during mid-day trading on Tuesday, hitting GBX 1,243 ($16.35). 106,294 shares of the stock traded hands, compared to its average volume of 171,077. J D Wetherspoon plc has a 12 month low of GBX 810 ($10.65) and a 12 month high of GBX 1,296 ($17.05).
The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 26th. This represents a dividend yield of 0.67%. This is a boost from J D Wetherspoon plc’s previous dividend of $4.00.
In other news, insider Nigel Connor sold 488 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of GBX 1,229 ($16.16), for a total transaction of £5,997.52 ($7,888.36). Also, insider John Hutson acquired 12,126 shares of the stock in a transaction dated Wednesday, September 27th. The shares were bought at an average price of GBX 1,278 ($16.81) per share, for a total transaction of £154,970.28 ($203,827.80). In the last 90 days, insiders have bought 12,160 shares of company stock worth $15,536,442.
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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