Other analysts also recently issued research reports about the stock. Berenberg Bank upgraded shares of J D Wetherspoon to a buy rating and increased their price objective for the company from GBX 1,150 ($14.98) to GBX 1,450 ($18.89) in a report on Tuesday, September 11th. Shore Capital reiterated a sell rating on shares of J D Wetherspoon in a report on Wednesday, July 11th. Peel Hunt reiterated an add rating on shares of J D Wetherspoon in a report on Friday, September 14th. Finally, Citigroup downgraded shares of J D Wetherspoon to a sell rating in a report on Monday, September 3rd. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 1,243.20 ($16.19).
J D Wetherspoon stock traded down GBX 13 ($0.17) during midday trading on Friday, reaching GBX 1,266 ($16.49). The company had a trading volume of 216,500 shares, compared to its average volume of 143,568. J D Wetherspoon has a 12-month low of GBX 926.50 ($12.07) and a 12-month high of GBX 1,346.14 ($17.53).
The company also recently declared a dividend, which will be paid on Thursday, November 29th. Stockholders of record on Thursday, October 25th will be issued a dividend of GBX 8 ($0.10) per share. The ex-dividend date of this dividend is Thursday, October 25th. This represents a dividend yield of 0.63%. This is an increase from J D Wetherspoon’s previous dividend of $4.00.
In related news, insider Su Cacioppo sold 4,333 shares of J D Wetherspoon stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of GBX 1,297 ($16.89), for a total value of £56,199.01 ($73,204.39). Also, insider John Hutson bought 8,384 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was bought at an average price of GBX 1,263 ($16.45) per share, with a total value of £105,889.92 ($137,931.38).
J D Wetherspoon Company Profile
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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