J D Wetherspoon (JDW) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of J D Wetherspoon (LON:JDW) in a research report report published on Tuesday morning. The brokerage issued an underweight rating and a GBX 930 ($12.15) target price on the stock.

A number of other equities research analysts also recently commented on the company. Canaccord Genuity decreased their target price on J D Wetherspoon from GBX 1,360 ($17.77) to GBX 1,220 ($15.94) and set a hold rating for the company in a report on Thursday, November 8th. Berenberg Bank decreased their target price on J D Wetherspoon from GBX 1,450 ($18.95) to GBX 1,400 ($18.29) and set a buy rating for the company in a report on Thursday, November 8th. Peel Hunt reaffirmed a hold rating on shares of J D Wetherspoon in a report on Wednesday, November 7th. Liberum Capital reaffirmed a hold rating and set a GBX 1,330 ($17.38) target price on shares of J D Wetherspoon in a report on Wednesday, November 7th. Finally, Barclays lifted their target price on J D Wetherspoon from GBX 1,400 ($18.29) to GBX 1,450 ($18.95) and gave the stock an overweight rating in a report on Thursday, September 27th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 1,232.13 ($16.10).

J D Wetherspoon stock opened at GBX 1,171 ($15.30) on Tuesday. J D Wetherspoon has a 52 week low of GBX 926.50 ($12.11) and a 52 week high of GBX 1,346.14 ($17.59).

The company also recently announced a dividend, which will be paid on Thursday, November 29th. Investors of record on Thursday, October 25th will be issued a dividend of GBX 8 ($0.10) per share. This is an increase from J D Wetherspoon’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, October 25th. This represents a dividend yield of 0.63%.

In other news, insider John Hutson bought 8,384 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The stock was purchased at an average price of GBX 1,263 ($16.50) per share, with a total value of £105,889.92 ($138,363.94). Also, insider Su Cacioppo sold 4,333 shares of J D Wetherspoon stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of GBX 1,297 ($16.95), for a total value of £56,199.01 ($73,433.96). Insiders have purchased 8,408 shares of company stock valued at $10,619,700 in the last ninety days.

J D Wetherspoon Company Profile

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. As of July 24, 2017, it operated 895 pubs. The company was founded in 1979 and is headquartered in Watford, the United Kingdom.

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Analyst Recommendations for J D Wetherspoon (LON:JDW)

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