J D Wetherspoon (LON:JDW) PT Raised to GBX 1,300 at Canaccord Genuity

J D Wetherspoon (LON:JDW) had its price target hoisted by Canaccord Genuity from GBX 1,220 ($15.94) to GBX 1,300 ($16.99) in a report released on Wednesday, March 27th, Digital Look reports. Canaccord Genuity currently has a hold rating on the stock.

Several other analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated an underperform rating and issued a GBX 1,100 ($14.37) target price on shares of J D Wetherspoon in a research note on Monday, March 18th. Liberum Capital reiterated a hold rating on shares of J D Wetherspoon in a research report on Friday, March 15th. Peel Hunt reiterated a hold rating and issued a GBX 1,225 ($16.01) target price on shares of J D Wetherspoon in a research report on Friday, March 15th. JPMorgan Chase & Co. lifted their target price on shares of J D Wetherspoon from GBX 970 ($12.67) to GBX 1,070 ($13.98) and gave the stock an underweight rating in a research report on Tuesday, March 5th. Finally, HSBC raised their price target on shares of J D Wetherspoon from GBX 1,310 ($17.12) to GBX 1,475 ($19.27) and gave the stock a buy rating in a report on Friday, February 22nd. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 1,276.11 ($16.67).

JDW traded up GBX 8 ($0.10) on Wednesday, hitting GBX 1,328 ($17.35). The company’s stock had a trading volume of 107,937 shares, compared to its average volume of 143,568. The company has a market cap of $1.37 billion and a PE ratio of 22.13. J D Wetherspoon has a 12 month low of GBX 1,051 ($13.73) and a 12 month high of GBX 1,380 ($18.03). The company has a current ratio of 0.26, a quick ratio of 0.18 and a debt-to-equity ratio of 255.30.

The business also recently announced a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 2nd will be paid a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 0.3%. The ex-dividend date is Thursday, May 2nd. J D Wetherspoon’s payout ratio is 0.20%.

In related news, insider Nigel Connor sold 1,613 shares of J D Wetherspoon stock in a transaction dated Monday, March 18th. The shares were sold at an average price of GBX 1,310 ($17.12), for a total transaction of £21,130.30 ($27,610.48). Also, insider John Hutson sold 2,500 shares of J D Wetherspoon stock in a transaction dated Monday, April 8th. The shares were sold at an average price of GBX 1,333 ($17.42), for a total transaction of £33,325 ($43,545.02). Insiders have sold a total of 6,613 shares of company stock worth $8,708,030 in the last ninety days.

About J D Wetherspoon

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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