J D Wetherspoon (JDW) Hits New 12-Month High at $1,346.00

J D Wetherspoon plc (LON:JDW) shares hit a new 52-week high on Friday . The stock traded as high as GBX 1,346 ($17.59) and last traded at GBX 1,328 ($17.35), with a volume of 340003 shares. The stock had previously closed at GBX 1,292 ($16.88).

Several research analysts have weighed in on JDW shares. HSBC upped their target price on J D Wetherspoon from GBX 1,310 ($17.12) to GBX 1,475 ($19.27) and gave the stock a “buy” rating in a research report on Friday, February 22nd. Peel Hunt reaffirmed a “hold” rating on shares of J D Wetherspoon in a research report on Wednesday, January 23rd. JPMorgan Chase & Co. increased their price objective on J D Wetherspoon from GBX 970 ($12.67) to GBX 1,070 ($13.98) and gave the company an “underweight” rating in a report on Tuesday, March 5th. Berenberg Bank reissued a “buy” rating and set a GBX 1,400 ($18.29) price objective on shares of J D Wetherspoon in a report on Monday, January 14th. Finally, Royal Bank of Canada initiated coverage on J D Wetherspoon in a report on Tuesday, December 4th. They set an “underperform” rating and a GBX 1,100 ($14.37) price objective on the stock. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,258.89 ($16.45).

The company has a debt-to-equity ratio of 289.07, a current ratio of 0.35 and a quick ratio of 0.22. The firm has a market cap of $1.34 billion and a P/E ratio of 21.01.

TRADEMARK VIOLATION NOTICE: This article was first reported by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://dakotafinancialnews.com/2019/03/15/j-d-wetherspoon-jdw-hits-new-12-month-high-at-1346-00.html.

About J D Wetherspoon (LON:JDW)

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: What is Depreciation?

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.