The J D Wetherspoon plc (JDW) Downgraded by Shore Capital to Sell

The J D Wetherspoon plc (JDW) Downgraded by Shore Capital to Sell

J D Wetherspoon plc (LON:JDW) was downgraded by stock analysts at Shore Capital to a “sell” rating in a research note issued on Monday.

JDW has been the topic of a number of other reports. Citigroup Inc reaffirmed a “buy” rating and issued a GBX 1,030 ($12.83) price objective on shares of J D Wetherspoon plc in a research note on Thursday, January 19th. Numis Securities Ltd reaffirmed a “reduce” rating and issued a GBX 745 ($9.28) price objective on shares of J D Wetherspoon plc in a research note on Thursday, January 19th. Peel Hunt raised shares of J D Wetherspoon plc to a “hold” rating and upped their price objective for the company from GBX 616 ($7.67) to GBX 925 ($11.52) in a research note on Wednesday, January 18th. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 1,060 ($13.21) price objective on shares of J D Wetherspoon plc in a research note on Thursday, January 19th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,050 ($13.08) price objective (up from GBX 1,000 ($12.46)) on shares of J D Wetherspoon plc in a research note on Thursday, February 2nd. Seven equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 833.17 ($10.38).

J D Wetherspoon plc (LON:JDW) traded down 2.93% on Monday, reaching GBX 960.50. 197,596 shares of the company were exchanged. J D Wetherspoon plc has a 12-month low of GBX 655.50 and a 12-month high of GBX 993.50. The company’s 50-day moving average price is GBX 931.76 and its 200-day moving average price is GBX 893.91. The stock’s market capitalization is GBX 1.07 billion.

In related news, insider Timothy (Tim) Martin sold 4,927 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of GBX 960 ($11.96), for a total transaction of £47,299.20 ($58,925.13). Also, insider Miles Slade sold 348 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of GBX 938 ($11.69), for a total transaction of £3,264.24 ($4,066.58). Insiders have purchased a total of 4,874 shares of company stock worth $4,468,977 in the last quarter.

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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