J D Wetherspoon plc (LON:JDW) has received an average recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 1,019.23 ($13.45).
A number of analysts have commented on the company. Barclays PLC reiterated an “overweight” rating and set a GBX 1,150 ($15.18) target price on shares of J D Wetherspoon plc in a research report on Monday, September 11th. Numis Securities Ltd reiterated a “reduce” rating and set a GBX 820 ($10.82) target price on shares of J D Wetherspoon plc in a research report on Thursday, July 13th. Canaccord Genuity boosted their target price on J D Wetherspoon plc from GBX 1,000 ($13.20) to GBX 1,040 ($13.72) and gave the stock a “hold” rating in a research report on Thursday, July 13th. Deutsche Bank AG boosted their target price on J D Wetherspoon plc from GBX 660 ($8.71) to GBX 760 ($10.03) and gave the stock a “sell” rating in a research report on Monday, September 25th. Finally, Peel Hunt reiterated a “reduce” rating and set a GBX 875 ($11.55) target price on shares of J D Wetherspoon plc in a research report on Wednesday, July 12th.
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The company also recently declared a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 26th will be paid a dividend of GBX 8 ($0.11) per share. The ex-dividend date is Thursday, October 26th. This is a positive change from J D Wetherspoon plc’s previous dividend of $4.00. This represents a yield of 0.67%.
In other news, insider Nigel Connor sold 488 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of GBX 1,229 ($16.22), for a total value of £5,997.52 ($7,914.38). Also, insider John Hutson bought 12,126 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was bought at an average cost of GBX 1,278 ($16.86) per share, with a total value of £154,970.28 ($204,500.24). Insiders have acquired 12,160 shares of company stock valued at $15,536,442 over the last 90 days.
About J D Wetherspoon plc
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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