Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
J D Wetherspoon ( (GB:JDW) ) just unveiled an announcement.
J D Wetherspoon PLC announced the repurchase of 50,000 of its ordinary shares at a price of 780 pence each through Investec Bank plc. The company plans to cancel these shares, a move that could potentially impact its share value and market positioning by reducing the number of shares in circulation.
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
J D Wetherspoon PLC operates in the hospitality industry, primarily focusing on running a chain of pubs across the UK. The company is known for offering a wide range of food and beverages at competitive prices, catering to a broad market segment.
Average Trading Volume: 386,053
Technical Sentiment Signal: Buy
Current Market Cap: £839.3M
See more data about JDW stock on TipRanks’ Stock Analysis page.