Peel Hunt downgraded shares of J D Wetherspoon plc (LON:JDW) to a reduce rating in a research note issued to investors on Wednesday morning. Peel Hunt currently has GBX 875 ($11.33) target price on the stock, down from their previous target price of GBX 1,000 ($12.95).
Several other equities analysts have also recently weighed in on the stock. Citigroup Inc. reiterated a neutral rating and issued a GBX 1,030 ($13.34) price objective on shares of J D Wetherspoon plc in a research note on Monday, May 22nd. Deutsche Bank AG increased their price objective on shares of J D Wetherspoon plc from GBX 640 ($8.29) to GBX 660 ($8.55) and gave the stock a sell rating in a research note on Friday, May 19th. Berenberg Bank reiterated a sell rating and issued a GBX 750 ($9.72) price objective on shares of J D Wetherspoon plc in a research note on Wednesday, May 10th. Numis Securities Ltd reiterated a reduce rating and issued a GBX 820 ($10.62) price objective on shares of J D Wetherspoon plc in a research note on Thursday, May 4th. Finally, Canaccord Genuity upgraded shares of J D Wetherspoon plc to a hold rating and increased their price objective for the stock from GBX 850 ($11.01) to GBX 1,000 ($12.95) in a research note on Thursday, May 4th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 947.08 ($12.27).
J D Wetherspoon plc (LON JDW) opened at 979.00 on Wednesday. The stock’s market cap is GBX 1.07 billion. The stock has a 50 day moving average of GBX 1,011.55 and a 200 day moving average of GBX 958.99. J D Wetherspoon plc has a 1-year low of GBX 694.50 and a 1-year high of GBX 1,060.00.
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In other J D Wetherspoon plc news, insider Nigel Connor sold 733 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of GBX 1,048 ($13.58), for a total transaction of £7,681.84 ($9,950.57). In the last 90 days, insiders have acquired 45 shares of company stock worth $45,198.
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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