J D Wetherspoon (LON:JDW) Earns Buy Rating from Jefferies Financial Group

Key Points

• Jefferies reaffirmed its Buy rating on J D Wetherspoon, with an 840p price target that implies 16.54% downside from the current share price.
• Analyst views are mixed: MarketBeat reports an average rating of Hold and an average price target of 703.25p, with one Buy, two Hold, and one Sell rating.
• The company reported quarterly earnings of 51.60p per share; analysts forecast full-year earnings of 52.85p per share on average.

J D Wetherspoon (LON:JDW - Get Free Report)'s stock had its "buy" rating reissued by analysts at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 840 price objective on the stock. Jefferies Financial Group's price target indicates a potential downside of 16.54% from the company's current price.

A number of other brokerages also recently issued reports on JDW. Peel Hunt reiterated a "hold" rating on shares of J D Wetherspoon in a research note on Friday, October 2nd. Shore Capital Group reissued a "hold" rating and issued a GBX 813 price objective on shares of J D Wetherspoon in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of GBX 703.25.

J D Wetherspoon Stock Performance

Shares of J D Wetherspoon stock opened at GBX 1,006.52 on Wednesday. J D Wetherspoon has a one year low of GBX 530.50 and a one year high of GBX 1,086. The company has a market cap of £1.06 billion, a PE ratio of 17.72, a P/E/G ratio of 3.39 and a beta of 1.13. The company has a debt-to-equity ratio of 353.03, a quick ratio of 0.19 and a current ratio of 0.23. The business has a 50-day simple moving average of GBX 907.88 and a 200-day simple moving average of GBX 738.22.

J D Wetherspoon (LON:JDW - Get Free Report) last released its earnings results on Friday, October 2nd. The company reported GBX 51.60 earnings per share for the quarter. J D Wetherspoon had a net margin of 2.70% and a return on equity of 17.99%. On average, equities research analysts forecast that J D Wetherspoon will post 52.85 EPS for the current fiscal year.

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.

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