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).
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.
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