Trade Report: The Panmure Gordon Reaffirmed Hold Rating for J D Wetherspoon plc (JDW)

The Panmure Gordon Reaffirmed Hold Rating for J D Wetherspoon plc (JDW)

J D Wetherspoon plc (LON:JDW)‘s stock had its “hold” rating reiterated by research analysts at Panmure Gordon in a research note issued on Wednesday. They presently have a GBX 800 ($10.00) price target on the stock. Panmure Gordon’s price target points to a potential downside of 2.91% from the company’s previous close.

Several other research firms also recently commented on JDW. Investec reissued an “add” rating and set a GBX 760 ($9.50) price objective on shares of J D Wetherspoon plc in a report on Wednesday, July 13th. HSBC increased their price objective on shares of J D Wetherspoon plc from GBX 750 ($9.37) to GBX 910 ($11.37) and gave the company a “buy” rating in a report on Monday, August 1st. Barclays PLC increased their price objective on shares of J D Wetherspoon plc from GBX 790 ($9.87) to GBX 1,000 ($12.49) and gave the company a ” overweight” rating in a report on Tuesday, September 13th. Numis Securities Ltd reissued a “reduce” rating and set a GBX 685 ($8.56) price objective on shares of J D Wetherspoon plc in a report on Friday, September 9th. Finally, Citigroup Inc. increased their price objective on shares of J D Wetherspoon plc from GBX 840 ($10.49) to GBX 980 ($12.24) and gave the company a “buy” rating in a report on Tuesday, August 9th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 749.33 ($9.36).

J D Wetherspoon plc (LON:JDW) traded down 0.6031% during trading on Wednesday, hitting GBX 824.7109. The stock had a trading volume of 137,762 shares. J D Wetherspoon plc has a 52-week low of GBX 589.50 and a 52-week high of GBX 993.50. The company has a 50-day moving average price of GBX 871.77 and a 200-day moving average price of GBX 826.02. The company’s market cap is GBX 916.81 million.

The business also recently announced a dividend, which was paid on Thursday, November 24th. Stockholders of record on Thursday, October 20th were given a dividend of GBX 8 ($0.10) per share. The ex-dividend date was Thursday, October 20th. This is a positive change from J D Wetherspoon plc’s previous dividend of $4.00. This represents a dividend yield of 0.85%.

In other J D Wetherspoon plc news, insider Hutson,John acquired 1,688 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were bought at an average cost of GBX 917 ($11.46) per share, with a total value of £15,478.96 ($19,339.03). Also, insider Miles Slade acquired 376 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were acquired at an average cost of GBX 944 ($11.79) per share, for a total transaction of £3,549.44 ($4,434.58).

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