Peel Hunt Reaffirms “Hold” Rating for J D Wetherspoon (JDW)

Peel Hunt reiterated their hold rating on shares of J D Wetherspoon (LON:JDW) in a report issued on Wednesday morning.

Several other equities research analysts have also recently commented on the company. Liberum Capital reaffirmed a hold rating and set a GBX 1,330 ($17.38) target price on shares of J D Wetherspoon in a research note on Wednesday, July 11th. Citigroup cut J D Wetherspoon to a sell rating in a research note on Monday, September 3rd. Shore Capital reaffirmed a sell rating on shares of J D Wetherspoon in a research note on Wednesday, July 11th. Berenberg Bank reaffirmed a buy rating on shares of J D Wetherspoon in a research note on Wednesday, September 19th. Finally, Barclays raised 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 research note on Thursday, September 27th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. J D Wetherspoon has an average rating of Hold and an average price target of GBX 1,275.29 ($16.66).

Shares of JDW stock traded up GBX 30 ($0.39) on Wednesday, hitting GBX 1,217 ($15.90). The company had a trading volume of 456,352 shares, compared to its average volume of 143,568. J D Wetherspoon has a twelve month low of GBX 926.50 ($12.11) and a twelve month high of GBX 1,346.14 ($17.59).

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

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