J D Wetherspoon (LON:JDW) PT Raised to GBX 1,690 at Barclays

J D Wetherspoon (LON:JDW) had its target price raised by equities researchers at Barclays from GBX 1,450 ($18.95) to GBX 1,690 ($22.08) in a report issued on Friday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 8.06% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Peel Hunt restated a “hold” rating on shares of J D Wetherspoon in a research note on Tuesday, November 12th. Berenberg Bank raised their price objective on J D Wetherspoon from GBX 1,400 ($18.29) to GBX 1,750 ($22.87) and gave the stock a “buy” rating in a research note on Monday, September 23rd. Liberum Capital restated a “hold” rating and issued a GBX 1,370 ($17.90) price objective on shares of J D Wetherspoon in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on J D Wetherspoon from GBX 1,070 ($13.98) to GBX 1,100 ($14.37) and gave the stock an “underweight” rating in a research note on Thursday. Finally, Morgan Stanley restated an “underweight” rating on shares of J D Wetherspoon in a research note on Monday, November 11th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 1,404.38 ($18.35).

LON JDW traded up GBX 13 ($0.17) during trading on Friday, hitting GBX 1,564 ($20.44). The company’s stock had a trading volume of 117,931 shares, compared to its average volume of 143,568. The company has a debt-to-equity ratio of 261.78, a current ratio of 0.28 and a quick ratio of 0.14. The company has a market cap of $1.63 billion and a PE ratio of 22.67. The business’s 50 day simple moving average is GBX 1,511.62 and its 200-day simple moving average is GBX 1,463.58. J D Wetherspoon has a fifty-two week low of GBX 1,051 ($13.73) and a fifty-two week high of GBX 1,645.20 ($21.50).

In related news, insider Su Cacioppo sold 4,498 shares of J D Wetherspoon stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of GBX 1,531 ($20.01), for a total transaction of £68,864.38 ($89,983.51).

About J D Wetherspoon

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. As of July 29, 2018, it operated 883 pubs. The company was founded in 1979 and is based in Watford, the United Kingdom.

See Also: The mechanics of the bid-ask spread in trading

Analyst Recommendations for J D Wetherspoon (LON:JDW)

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