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).
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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.
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