J D Wetherspoon (LON:JDW) Share Price Crosses Above 200-Day Moving Average – Here’s Why

J D Wetherspoon plc (LON:JDW)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 670.28 and traded as high as GBX 812.46. J D Wetherspoon shares last traded at GBX 806.50, with a volume of 187,829 shares traded.

Analyst Ratings Changes

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

J D Wetherspoon Price Performance

The stock’s 50-day moving average price is GBX 719.97 and its 200 day moving average price is GBX 671.16. 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 firm has a market capitalization of £863.80 million, a price-to-earnings ratio of 14.43, a PEG ratio of 3.39 and a beta of 1.11.

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.