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The latest announcement is out from J D Wetherspoon ( (GB:JDW) ).
J D Wetherspoon PLC, a prominent player in the hospitality industry, has announced the repurchase of 280,409 of its ordinary shares through Investec Bank plc. The shares were bought at prices ranging from 766.50 pence to 787.50 pence, with a weighted average price of 776.5581 pence. The company plans to cancel these shares, a move that could potentially impact its stock value and shareholder equity.
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 Neutral.
J D Wetherspoon’s stock is on a recovery path with improving financial performance and robust technical indicators. The company’s strategic buybacks and director share acquisitions reflect management’s confidence, boosting its potential for growth. However, high leverage and moderate profitability present some risk.
To see Spark’s full report on GB:JDW stock, click here.
More about J D Wetherspoon
Average Trading Volume: 454,117
Technical Sentiment Signal: Buy
Current Market Cap: £849.8M
Learn more about JDW stock on TipRanks’ Stock Analysis page.