J D Wetherspoon plc’s (JDW) Neutral Rating Reaffirmed at Citigroup Inc.
Citigroup Inc. reaffirmed their neutral rating on shares of J D Wetherspoon plc (LON:JDW) in a research note released on Friday. Citigroup Inc. currently has a GBX 1,280 ($16.98) target price on the stock.
Several other analysts have also weighed in on the company. Peel Hunt boosted their price objective on J D Wetherspoon plc from GBX 875 ($11.61) to GBX 950 ($12.60) and gave the company a reduce rating in a report on Friday, September 15th. Numis Securities Ltd reissued a reduce rating and issued a GBX 820 ($10.88) price objective on shares of J D Wetherspoon plc in a report on Monday, September 11th. Liberum Capital reissued a hold rating and issued a GBX 1,050 ($13.93) price objective on shares of J D Wetherspoon plc in a report on Friday, September 15th. Canaccord Genuity reissued a hold rating and issued a GBX 1,040 ($13.79) price objective on shares of J D Wetherspoon plc in a report on Friday, September 15th. Finally, Investec reissued a buy rating and issued a GBX 1,150 ($15.25) price objective on shares of J D Wetherspoon plc in a report on Wednesday, July 12th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. J D Wetherspoon plc currently has an average rating of Hold and an average target price of GBX 1,007.69 ($13.37).
J D Wetherspoon plc (JDW) traded down 2.42% on Friday, reaching GBX 1252.00. The company had a trading volume of 220,958 shares. The stock has a 50 day moving average of GBX 1,137.18 and a 200 day moving average of GBX 1,035.73. J D Wetherspoon plc has a 12 month low of GBX 810.00 and a 12 month high of GBX 1,296.00. The firm’s market capitalization is GBX 1.33 billion.
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The business also recently announced a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 26th will be issued a dividend of GBX 8 ($0.11) per share. The ex-dividend date is Thursday, October 26th. This is a positive change from J D Wetherspoon plc’s previous dividend of $4.00. This represents a dividend yield of 0.67%.
In related news, insider John Hutson bought 12,126 shares of the stock in a transaction dated Wednesday, September 27th. The stock was bought at an average cost of GBX 1,278 ($16.95) per share, with a total value of £154,970.28 ($205,558.14). Also, insider Nigel Connor sold 488 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of GBX 1,229 ($16.30), for a total value of £5,997.52 ($7,955.33). Insiders have bought 12,162 shares of company stock valued at $15,536,032 over the last ninety days.
About J D Wetherspoon plc
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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