J D Wetherspoon (LON:JDW) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

J D Wetherspoon plc (LON:JDW) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 667.77 and traded as high as GBX 703.50. J D Wetherspoon shares last traded at GBX 702.50, with a volume of 9,464,962 shares traded.

Analysts Set New Price Targets

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

J D Wetherspoon Stock Performance

The firm’s fifty day moving average is GBX 627 and its 200 day moving average is GBX 667.78. The firm has a market capitalization of £736.26 million, a price-to-earnings ratio of 12.30, a PEG ratio of 3.39 and a beta of 1.13. The company has a debt-to-equity ratio of 358.49, a current ratio of 0.30 and a quick ratio of 0.19.

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.