J D Wetherspoon Announces Share Buyback and Cancellation

J D Wetherspoon ( (GB:JDW) ) has issued an announcement.

J D Wetherspoon PLC has repurchased 75,000 of its ordinary shares at a price of 730 pence each through Investec Bank plc, with plans to cancel these shares. This move may impact the company’s stock value and shareholder equity by reducing the number of shares in circulation, potentially increasing the value of remaining shares.

The most recent analyst rating on (GB:JDW) stock is a Hold with a £740.00 price target. To see the full list of analyst forecasts on J D Wetherspoon stock, see the GB:JDW Stock Forecast page.

Spark’s Take on GB:JDW Stock

According to Spark, TipRanks’ AI Analyst, GB:JDW is a Outperform.

J D Wetherspoon shows a positive recovery trajectory with strong technical indicators and effective capital management strategies like share buybacks. Despite a highly leveraged balance sheet, the company is improving its financial metrics, making it a moderate risk with potential for further growth. The absence of earnings call data slightly limits a comprehensive outlook.

To see Spark’s full report on GB:JDW stock, click here.

More about J D Wetherspoon

J D Wetherspoon PLC operates in the hospitality industry, primarily focusing on running pubs and bars across the United Kingdom. The company is known for offering a wide range of food and beverages at competitive prices, catering to a diverse customer base.

Average Trading Volume: 598,374

Technical Sentiment Signal: Buy

Current Market Cap: £794.5M

For detailed information about JDW stock, go to TipRanks’ Stock Analysis page.