Published On: Sun, Sep 18th, 2016

J D Wetherspoon plc (JDW) Price Target Increased to GBX 910 by Analysts at HSBC

J D Wetherspoon plc (LON:JDW) had its price objective upped by equities research analysts at HSBC from GBX 750 ($9.99) to GBX 910 ($12.12) in a report released on Monday. The firm currently has a “buy” rating on the stock. HSBC’s price objective points to a potential downside of 1.19% from the company’s current price.
A number of other brokerages have also recently issued reports on JDW. Canaccord Genuity upped their target price on J D Wetherspoon plc from GBX 625 ($8.32) to GBX 720 ($9.59) and gave the company a “hold” rating in a research report on Tuesday, July 19th. Shore Capital reaffirmed a “hold” rating on shares of J D Wetherspoon plc in a research note on Wednesday, July 13th. Panmure Gordon raised J D Wetherspoon plc to a “hold” rating and upped their price objective for the company from GBX 610 ($8.12) to GBX 700 ($9.32) in a research note on Wednesday, July 13th. Investec reaffirmed an “add” rating and set a GBX 760 ($10.12) price objective on shares of J D Wetherspoon plc in a research note on Wednesday, July 13th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of J D Wetherspoon plc in a research note on Friday, April 22nd. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. J D Wetherspoon plc currently has an average rating of “Hold” and an average price target of GBX 745.33 ($9.93).
Shares of J D Wetherspoon plc (LON:JDW) opened at 921.00 on Monday. J D Wetherspoon plc has a 52 week low of GBX 589.50 and a 52 week high of GBX 979.50. The firm’s market capitalization is GBX 1.02 billion. The stock has a 50 day moving average price of GBX 886.73 and a 200-day moving average price of GBX 760.82.

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The business also recently announced a dividend, which will be paid on Thursday, November 24th. Shareholders of record on Thursday, October 20th will be issued a dividend of GBX 8 ($0.11) per share. This represents a yield of 0.85%. The ex-dividend date is Thursday, October 20th. This is a boost from J D Wetherspoon plc’s previous dividend of $4.00.
About J D Wetherspoon plc
J D Wetherspoon plc owns and operates pubs across the United Kingdom and Ireland. The Company operates hotels. The Company owned an estate of around 951 pubs. The Company also offers food and drink services. The Company’s hotels include Guildhall and Linen Exchange, Dunfermline, and Hippodrome, March.

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