J D Wetherspoon (LON:JDW) Reaches New 12-Month High – Here’s What Happened

J D Wetherspoon plc (LON:JDW)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 782 and last traded at GBX 779.50, with a volume of 178327 shares traded. The stock had previously closed at GBX 759.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JDW. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 840 price target on shares of J D Wetherspoon in a report on Wednesday, May 6th. Shore Capital Group reiterated a “hold” rating on shares of J D Wetherspoon in a report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 460 price objective on shares of J D Wetherspoon in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 666.67.

J D Wetherspoon Trading Up 1.4%

The stock has a market capitalization of £811.63 million, a PE ratio of 13.56, a P/E/G ratio of 3.39 and a beta of 1.11. The company has a quick ratio of 0.19, a current ratio of 0.30 and a debt-to-equity ratio of 358.49. The business’s fifty day moving average is GBX 679.38 and its 200-day moving average is GBX 667.

J D Wetherspoon Company Profile

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.