J D Wetherspoon (LON:JDW) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of J D Wetherspoon plc (LON:JDW) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 668.53 and traded as high as GBX 672.50. J D Wetherspoon shares last traded at GBX 659, with a volume of 8,010,104 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JDW. Jefferies Financial Group reissued a “buy” rating and issued a GBX 840 price objective on shares of J D Wetherspoon in a research report on Wednesday, May 6th. Shore Capital Group reaffirmed a “hold” rating on shares of J D Wetherspoon in a report on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 460 target price on shares of J D Wetherspoon in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 666.67.

J D Wetherspoon Price Performance

The company has a current ratio of 0.30, a quick ratio of 0.19 and a debt-to-equity ratio of 358.49. The company has a market capitalization of £716.76 million, a P/E ratio of 11.97, a P/E/G ratio of 3.39 and a beta of 1.13. The company has a 50 day moving average price of GBX 620.34 and a 200 day moving average price of GBX 668.38.

J D Wetherspoon (LON:JDW) last posted its quarterly earnings results on Friday, March 20th. The company reported GBX 15.50 earnings per share for the quarter. J D Wetherspoon had a return on equity of 15.81% and a net margin of 2.52%. On average, equities analysts predict that J D Wetherspoon plc will post 52.8508772 EPS for the current fiscal 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.