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An announcement from J D Wetherspoon ( (GB:JDW) ) is now available.
J D Wetherspoon PLC announced the purchase of 32,141 of its own ordinary shares, with prices ranging between 773.50 and 785.00 pence per share, and an average price of 781.0507 pence. The company plans to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share and potentially boosting the stock price.
The most recent analyst rating on (GB:JDW) stock is a Hold with a £600.00 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.
The overall stock score reflects strong technical momentum and positive corporate actions, such as share buybacks and director share purchases, which indicate confidence in the company’s future. Financial performance shows recovery with potential leverage risks, while valuation is reasonable though limited by a low dividend yield.
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 managing and operating pubs 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: 460,978
Technical Sentiment Signal: Buy
Current Market Cap: £831.9M
See more insights into JDW stock on TipRanks’ Stock Analysis page.