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J D Wetherspoon ( (GB:JDW) ) has issued an update.
J D Wetherspoon plc announced the purchase of 350,000 of its own ordinary shares at a weighted average price of 699.7677 pence per share, with the intention to cancel these shares. This move is part of the company’s strategy to manage its share capital, potentially impacting its stock value and shareholder equity.
The most recent analyst rating on (GB:JDW) stock is a Buy with a £8.25 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 score is primarily driven by its financial performance, which shows recovery and stabilization post-pandemic. The valuation is reasonable, offering a fair P/E ratio and a modest dividend yield. However, technical indicators suggest weak momentum, which slightly dampens the overall score.
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 pubs and bars across the United Kingdom. The company is known for offering a wide range of beverages and food services, catering to a diverse customer base.
Average Trading Volume: 288,356
Technical Sentiment Signal: Buy
Current Market Cap: £748.5M
See more insights into JDW stock on TipRanks’ Stock Analysis page.