J D Wetherspoon (LON:JDW) Sets New 1-Year High - Here's What Happened

Key Points

• J D Wetherspoon shares reached a new 52-week high, trading as high as GBX 1,073 and last changing hands at GBX 1,066.05, up from the previous close of GBX 1,050.
• Analysts remain cautious, with a consensus “Hold” rating from four analysts and an average price target of GBX 657.67; recent coverage from Peel Hunt and Shore Capital also maintained “Hold” ratings.
• The company reported quarterly EPS of GBX 51.60, with a 2.70% net margin and 17.99% return on equity. Its valuation includes a £1.12 billion market capitalization and a high debt-to-equity ratio of 353.03.

J D Wetherspoon plc (LON:JDW - Get Free Report) shares hit a new 52-week high during trading on Friday. The company traded as high as GBX 1,073 and last traded at GBX 1,066.05, with a volume of 109,759 shares changing hands. The stock had previously closed at GBX 1,050.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. 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 set a GBX 813 price objective on shares of J D Wetherspoon in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of GBX 657.67.

J D Wetherspoon Stock Performance

The company's 50-day moving average is GBX 894.51 and its two-hundred day moving average is GBX 733.71. The company has a market capitalization of £1.12 billion, a P/E ratio of 18.77, a PEG ratio of 3.39 and a beta of 1.13. The company has a quick ratio of 0.19, a current ratio of 0.23 and a debt-to-equity ratio of 353.03.

J D Wetherspoon (LON:JDW - Get Free Report) last announced its earnings results on Friday, October 2nd. The company reported GBX 51.60 earnings per share (EPS) for the quarter. J D Wetherspoon had a net margin of 2.70% and a return on equity of 17.99%. Equities analysts anticipate that J D Wetherspoon plc will post 52.85 earnings per share 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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