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

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on JDW. Peel Hunt reiterated a “hold” rating and issued a GBX 800 price target on shares of J D Wetherspoon in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on J D Wetherspoon from GBX 460 to GBX 540 and gave the company a “sell” rating in a report on Friday, October 2nd. Finally, Shore Capital Group reissued a “hold” rating and issued a GBX 813 price objective on shares of J D Wetherspoon in a research note on Friday, October 2nd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 748.25.

J D Wetherspoon Price Performance

The firm has a market capitalization of £1.08 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 3.39 and a beta of 1.13. The business’s fifty day simple moving average is GBX 840.72 and its 200 day simple 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.

J D Wetherspoon (LON:JDW) last announced 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, research analysts forecast that J D Wetherspoon plc will post 52.85 EPS for the current year.

About J D Wetherspoon

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.