Royal Bank of Canada Begins Coverage on J D Wetherspoon (JDW)

Equities researchers at Royal Bank of Canada started coverage on shares of J D Wetherspoon (LON:JDW) in a research note issued on Tuesday. The brokerage set an “underperform” rating and a GBX 1,100 ($14.37) price target on the stock. Royal Bank of Canada’s target price points to a potential downside of 1.96% from the stock’s previous close.

Several other equities research analysts also recently weighed in on JDW. Peel Hunt reaffirmed an “add” rating on shares of J D Wetherspoon in a report on Monday, August 6th. Citigroup downgraded shares of J D Wetherspoon to a “sell” rating in a report on Monday, September 3rd. Berenberg Bank raised shares of J D Wetherspoon to a “buy” rating and upped their price objective for the stock from GBX 1,150 ($15.03) to GBX 1,450 ($18.95) in a report on Tuesday, September 11th. Liberum Capital reaffirmed a “hold” rating on shares of J D Wetherspoon in a report on Friday, September 14th. Finally, Numis Securities reaffirmed a “reduce” rating on shares of J D Wetherspoon in a report on Monday, September 17th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,217.44 ($15.91).

JDW stock traded down GBX 27 ($0.35) during trading on Tuesday, hitting GBX 1,122 ($14.66). The company had a trading volume of 322,302 shares, compared to its average volume of 143,568. J D Wetherspoon has a fifty-two week low of GBX 926.50 ($12.11) and a fifty-two week high of GBX 1,346.14 ($17.59).

In other J D Wetherspoon news, insider John Hutson purchased 8,384 shares of the business’s stock in a transaction on Monday, September 17th. The stock was bought at an average cost of GBX 1,263 ($16.50) per share, with a total value of £105,889.92 ($138,363.94). Also, insider Su Cacioppo sold 4,333 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of GBX 1,297 ($16.95), for a total transaction of £56,199.01 ($73,433.96). Insiders acquired a total of 8,408 shares of company stock valued at $10,619,700 over the last three months.

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 24, 2017, it operated 895 pubs. The company was founded in 1979 and is headquartered in Watford, the United Kingdom.

Recommended Story: How accurate is the Rule of 72?

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit