Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for J D Wetherspoon (LON:JDW) Stock Price

Key Points

• Deutsche Bank cut its price target for J D Wetherspoon from GBX 490 to GBX 460 and maintained a sell rating, implying roughly a 20.3% downside from the stock's current level.
• Shares traded up about 4.3% to GBX 577 despite the downgrade; the consensus analyst stance is "Reduce" with a consensus price target of GBX 580 (two Holds, one Sell).
• The company's balance sheet looks strained with a current ratio 0.30, quick ratio 0.19 and debt-to-equity 358.49, while market cap is ~£608m and P/E is 10.16.

J D Wetherspoon (LON:JDW - Get Free Report) had its price target dropped by Deutsche Bank Aktiengesellschaft from GBX 490 to GBX 460 in a report released on Monday,Digital Look reports. The firm presently has a "sell" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential downside of 20.28% from the stock's current price.

Separately, Shore Capital Group restated a "hold" rating on shares of J D Wetherspoon in a research note on Friday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of GBX 580.

J D Wetherspoon Trading Up 4.3%

Shares of JDW traded up GBX 23.93 during trading hours on Monday, reaching GBX 577. 5,230,079 shares of the company traded hands, compared to its average volume of 6,297,345. The stock's fifty day moving average price is GBX 703.04 and its 200 day moving average price is GBX 686.12. The company has a current ratio of 0.30, a quick ratio of 0.19 and a debt-to-equity ratio of 358.49. The firm has a market cap of £608.19 million, a price-to-earnings ratio of 10.16, a PEG ratio of 3.39 and a beta of 1.01. J D Wetherspoon has a 12-month low of GBX 530.50 and a 12-month high of GBX 814.50.

J D Wetherspoon (LON:JDW - Get Free Report) last posted its quarterly earnings results on Friday, March 20th. The company reported GBX 15.50 EPS for the quarter. J D Wetherspoon had a net margin of 2.52% and a return on equity of 15.81%. Sell-side analysts forecast that J D Wetherspoon will post 52.8508772 earnings per share for the current year.

Insider Buying and Selling 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. In the last three months, insiders have bought 144 shares of company stock worth $105,551. 29.89% of the stock is owned by corporate insiders.

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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