JPMorgan Chase & Co. Reiterates “Underweight” Rating for J D Wetherspoon (JDW)

J D Wetherspoon (LON:JDW)‘s stock had its “underweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently commented on JDW. Liberum Capital reissued a “hold” rating on shares of J D Wetherspoon in a report on Wednesday, January 23rd. Shore Capital reissued a “sell” rating on shares of J D Wetherspoon in a report on Wednesday, May 8th. Berenberg Bank boosted their price target on J D Wetherspoon to GBX 1,400 ($18.29) and gave the stock a “buy” rating in a report on Tuesday, February 5th. Peel Hunt reissued a “hold” rating and issued a GBX 1,225 ($16.01) price target on shares of J D Wetherspoon in a report on Friday, March 15th. Finally, Canaccord Genuity reissued a “hold” rating and issued a GBX 1,220 ($15.94) price target on shares of J D Wetherspoon in a report on Friday, March 15th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,303.13 ($17.03).

LON JDW opened at GBX 1,317 ($17.21) on Wednesday. The company has a debt-to-equity ratio of 255.30, a quick ratio of 0.18 and a current ratio of 0.26. J D Wetherspoon has a 12 month low of GBX 1,051 ($13.73) and a 12 month high of GBX 1,384 ($18.08). The company has a market capitalization of $1.36 billion and a P/E ratio of 21.95.

In other news, insider John Hutson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of GBX 1,333 ($17.42), for a total transaction of £33,325 ($43,545.02). Also, insider Nigel Connor sold 881 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of GBX 1,372 ($17.93), for a total value of £12,087.32 ($15,794.22). Over the last three months, insiders sold 7,494 shares of company stock worth $9,916,762.

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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