J D Wetherspoon (LON:JDW) Reaches New 52-Week High – Here’s Why

J D Wetherspoon plc (LON:JDW) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 825 and last traded at GBX 805.39, with a volume of 7658 shares changing hands. The stock had previously closed at GBX 806.50.

Analysts Set New Price Targets

JDW has been the topic of a number of recent analyst reports. Shore Capital Group reiterated a “hold” rating on shares of J D Wetherspoon in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 460 target price on shares of J D Wetherspoon in a research note on Thursday, May 7th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 840 price target on shares of J D Wetherspoon in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 666.67.

J D Wetherspoon Stock Up 0.3%

The company has a debt-to-equity ratio of 358.49, a quick ratio of 0.19 and a current ratio of 0.30. The company has a fifty day simple moving average of GBX 724.03 and a two-hundred day simple moving average of GBX 672.07. The firm has a market capitalization of £871.71 million, a PE ratio of 14.56, a PEG ratio of 3.39 and a beta of 1.11.

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.