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Prices & Quotes - UK Markets - Wetherspoon (J.D.) (JDW)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 1,327.00p
Change Today:
-26.00p
Market Cap:
1,708.51m
Sector:
Travel & Leisure

Liberum ups price target on JD Wetherspoon, stays at 'hold'

By Abigail Townsend

Date: Monday 22 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Liberum has upped its price target on JD Wetherspoon, but remains cautious about the scale and pace of the pub chain's recovery.
The broker has increased its price target on the stock to 1,400p from 1,150p. But analyst Anna Barnfather maintained the rating at 'hold', despite half of Wetherspoon's pubs due to reopen from next month.

She said: "JD Wetherspoon plans to reopen its pubs starting in April, when we expect a gradual recovery with sufficient liquidity to step up investment activity in due course.

"However, we remain concerned over its high volume of sales/vertical drinking and are less sure of its ability to push prices significantly, which sit he crux of the bull case." Vertical drinking refers to drinking while standing at the bar.

"We make no changes to forecasts, but increase our target price to 1,400p based on sector average EV/EBITDA multiple and the improved clarity on the reopening timetable."

Barnfather continued: "Sales performance in the six months to 24 January 2021 suffered particular from the ban on vertical drinking and capacity restrictions, given its largest sites that rely on high density of people.

"Management expects to open around 450 of its 872 pubs with outdoor areas on 12 April. However, we expect initial recovery will see further pressure on its high volume and low margin model, with recovery accelerating in the 2022 full year as all trading restrictions ease.

"April is set to continue to be loss making, with over around half of its pubs still closed."

As at 1315 GMT, shares in JD Wetherspoon were ahead 1% at 1,298.0p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

JDW Market Data

Currency UK Pounds
Price 1,327.00p
Change Today -26.00p
52 Week High 1,404.00p
52 Week Low 773.50p
Volume 191,867
Shares Issued 128.75m
Market Cap 1,708.51m
Beta 0.01

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 5
Sell 1
Strong Sell 1
Total 11
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JDW Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 24-Oct-19
Paid n/a 28-Nov-19
Amount 0.000p 8.00p

Trades for 13-May-2021

Time Volume / Share Price
16:35 51,372 @ 1,327.00p
16:29 35 @ 1,328.00p
16:29 104 @ 1,328.00p
16:29 3 @ 1,328.00p
16:29 100 @ 1,327.00p

JDW Key Personnel

CEO John Hutson
Chair Timothy (Tim) Martin
Finance Director Ben Whitley