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The latest announcement is out from J D Wetherspoon ( (GB:JDW) ).
J D Wetherspoon plc has announced the repurchase of 77,000 of its ordinary shares at a price of 721.85 pence each, through Investec Bank plc, with the intention to cancel these shares. This move is part of the company’s strategy to manage its share capital and potentially enhance shareholder value 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 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 broad market segment.
Average Trading Volume: 592,110
Technical Sentiment Signal: Buy
Current Market Cap: £794.5M
Learn more about JDW stock on TipRanks’ Stock Analysis page.