J D Wetherspoon (LON:JDW) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

J D Wetherspoon plc (LON:JDW)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 692.71 and traded as high as GBX 769. J D Wetherspoon shares last traded at GBX 761.21, with a volume of 202,614 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JDW shares. Shore Capital Group reaffirmed a “hold” rating on shares of J D Wetherspoon in a research note on Wednesday, November 5th. Peel Hunt restated a “hold” rating and set a GBX 700 price objective on shares of J D Wetherspoon in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of GBX 595.

J D Wetherspoon Stock Down 0.6%

The firm has a market cap of £796.08 million, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 3.39 and a beta of 1.34. The company’s 50-day simple moving average is GBX 725.73 and its 200 day simple moving average is GBX 692.71. The company has a debt-to-equity ratio of 283.19, a current ratio of 0.35 and a quick ratio of 0.19.

Insider Activity at J D Wetherspoon

In related news, insider Ben Whitley sold 6,931 shares of J D Wetherspoon stock in a transaction dated Monday, January 26th. The stock was sold at an average price of GBX 679, for a total value of £47,061.49. Insiders own 29.89% of the company’s stock.

About J D Wetherspoon

J D Wetherspoon owns and operates pubs and hotels throughout the UK and Ireland. The company aims to provide customers with good-quality food and drinks, served by well-trained and friendly staff, at reasonable prices.

The pubs are individually designed, and the company aims to maintain them in excellent condition.