J D Wetherspoon plc (JDW) Downgraded by Peel Hunt

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.

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

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