J D Wetherspoon (LON:JDW) Sets New 52-Week High – Time to Buy?

J D Wetherspoon plc (LON:JDW) shares hit a new 52-week high during trading on Wednesday. The company traded as high as GBX 1,027 and last traded at GBX 1,018, with a volume of 187,254 shares traded. The stock had previously closed at GBX 1,008.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JDW shares. Deutsche Bank Aktiengesellschaft increased their price target on J D Wetherspoon from GBX 460 to GBX 540 and gave the company a “sell” rating in a research note on Friday, October 2nd. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 813 target price on shares of J D Wetherspoon in a research report on Friday, October 2nd. Finally, Peel Hunt restated a “hold” rating and set a GBX 800 price target on shares of J D Wetherspoon in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, J D Wetherspoon presently has a consensus rating of “Hold” and an average target price of GBX 748.25.

J D Wetherspoon Trading Up 1.2%

The company’s 50 day moving average is GBX 840.72 and its two-hundred day moving average is GBX 720.33. The company has a debt-to-equity ratio of 353.03, a current ratio of 0.23 and a quick ratio of 0.19. The firm has a market cap of £1.08 billion, a P/E ratio of 17.96, a PEG ratio of 3.39 and a beta of 1.13.

J D Wetherspoon (LON:JDW) last posted its quarterly earnings results on Friday, October 2nd. The company reported GBX 51.60 earnings per share for the quarter. J D Wetherspoon had a net margin of 2.70% and a return on equity of 17.99%. On average, sell-side analysts predict that J D Wetherspoon plc will post 52.85 earnings per share for the current year.

J D Wetherspoon Company Profile

J D Wetherspoon owns and operates pubs and hotels throughout the UK and Ireland. The company aims to provide customers with good-quality food and drinks, served by well-trained and friendly staff, at reasonable prices.

The pubs are individually designed, and the company aims to maintain them in excellent condition.