J D Wetherspoon (LON:JDW) Stock Crosses Above 200-Day Moving Average of $557.67

J D Wetherspoon plc (LON:JDW – Get Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 557.67 ($6.94) and traded as high as GBX 745.56 ($9.27). J D Wetherspoon shares last traded at GBX 741 ($9.22), with a volume of 443,627 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JDW. Shore Capital restated a “buy” rating on shares of J D Wetherspoon in a research report on Friday, March 24th. Numis Securities reaffirmed a “reduce” rating and issued a GBX 475 ($5.91) price objective on shares of J D Wetherspoon in a research note on Friday, March 17th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 700 ($8.71) price objective on shares of J D Wetherspoon in a research note on Thursday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 640 ($7.96) price objective on shares of J D Wetherspoon in a research note on Monday, March 27th.

J D Wetherspoon Stock Performance

The firm has a market capitalization of £954.04 million, a P/E ratio of 1,372.22, a price-to-earnings-growth ratio of 3.39 and a beta of 1.32. The company’s 50 day moving average is GBX 696.26 and its 200-day moving average is GBX 557.67. The company has a quick ratio of 0.19, a current ratio of 0.32 and a debt-to-equity ratio of 327.08.

Insider Buying and Selling

In related news, insider John Hutson sold 18,000 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of GBX 780 ($9.70), for a total transaction of £140,400 ($174,626.87). 28.15% of the stock is owned by insiders.

J D Wetherspoon Company Profile

(Get Rating)

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. It operates 852 pubs. The company was founded in 1979 and is based in Watford, the United Kingdom.