Citigroup Reaffirms Buy Rating for J D Wetherspoon (LON:JDW)

J D Wetherspoon (LON:JDW)‘s stock had its “buy” rating reissued by Citigroup in a research note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 925 ($11.43) price target on the stock. Citigroup’s price objective suggests a potential upside of 25.76% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group boosted their price target on J D Wetherspoon from GBX 900 ($11.12) to GBX 925 ($11.43) and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Shore Capital restated a “hold” rating on shares of J D Wetherspoon in a research report on Friday, March 22nd.

J D Wetherspoon Price Performance

Shares of LON:JDW opened at GBX 735.50 ($9.08) on Tuesday. The business’s 50 day simple moving average is GBX 762.58 and its 200-day simple moving average is GBX 752.06. The firm has a market capitalization of £909.23 million, a price-to-earnings ratio of 2,298.44, a price-to-earnings-growth ratio of 3.39 and a beta of 1.30. The company has a debt-to-equity ratio of 317.46, a current ratio of 0.34 and a quick ratio of 0.19. J D Wetherspoon has a 12 month low of GBX 587 ($7.25) and a 12 month high of GBX 862.50 ($10.65).

About J D Wetherspoon

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. The company was founded in 1979 and is based in Watford, the United Kingdom.