J D Wetherspoon plc (JDW) Receives Sell Rating from Deutsche Bank AG

Deutsche Bank AG reaffirmed their sell rating on shares of J D Wetherspoon plc (LON:JDW) in a report released on Thursday. The brokerage currently has a GBX 760 ($10.00) price target on the stock.

A number of other analysts have also weighed in on the stock. Peel Hunt increased their price objective on shares of J D Wetherspoon plc from GBX 875 ($11.51) to GBX 950 ($12.50) and gave the stock a reduce rating in a research report on Friday, September 15th. Numis Securities Ltd reissued a reduce rating and issued a GBX 820 ($10.79) price objective on shares of J D Wetherspoon plc in a research report on Monday, September 11th. Canaccord Genuity reaffirmed a hold rating and set a GBX 1,040 ($13.68) target price on shares of J D Wetherspoon plc in a research report on Friday, September 15th. Liberum Capital reaffirmed a hold rating and set a GBX 1,050 ($13.81) target price on shares of J D Wetherspoon plc in a research report on Friday, September 15th. Finally, Morgan Stanley raised their target price on shares of J D Wetherspoon plc from GBX 830 ($10.92) to GBX 910 ($11.97) and gave the stock an underweight rating in a research report on Monday, September 18th. Seven analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 1,063.62 ($13.99).

J D Wetherspoon plc (LON JDW) traded down GBX 11 ($0.14) during trading on Thursday, reaching GBX 1,232 ($16.20). 46,406 shares of the company were exchanged, compared to its average volume of 171,077. J D Wetherspoon plc has a 12 month low of GBX 810 ($10.65) and a 12 month high of GBX 1,296 ($17.05).

TRADEMARK VIOLATION WARNING: This article was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://transcriptdaily.com/2017/11/13/j-d-wetherspoon-plc-jdw-receives-sell-rating-from-deutsche-bank-ag.html.

The firm also recently disclosed a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 26th will be issued a dividend of GBX 8 ($0.11) per share. This represents a yield of 0.67%. This is a positive change from J D Wetherspoon plc’s previous dividend of $4.00. The ex-dividend date is Thursday, October 26th.

In related news, insider Nigel Connor sold 488 shares of J D Wetherspoon plc stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of GBX 1,229 ($16.16), for a total transaction of £5,997.52 ($7,888.36). Also, insider John Hutson acquired 12,126 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were acquired at an average cost of GBX 1,278 ($16.81) per share, for a total transaction of £154,970.28 ($203,827.80). Over the last three months, insiders have purchased 12,160 shares of company stock worth $15,536,442.

J D Wetherspoon plc Company Profile

J D Wetherspoon plc owns and operates pubs throughout the United Kingdom and Ireland. The Company aims to provide customers with food and drinks. The Company operates a trading estate of approximately 926 pubs. The Company operates over 40 hotels and approximately 900 rooms. The Company’s hotels include George Hotel, the Shrewsbury Hotel and the Unicorn, Ripon.

Analyst Recommendations for J D Wetherspoon plc (LON:JDW)

Receive News & Ratings for J D Wetherspoon plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J D Wetherspoon plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply