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.

Analyst Recommendations for J D Wetherspoon plc (LON:JDW)

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