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The latest announcement is out from J D Wetherspoon ( (GB:JDW) ).
J D Wetherspoon plc announced the repurchase of 20,000 of its ordinary shares at a price of 692.57 pence per share, with the intention to cancel these shares. This move is part of the company’s strategy to manage its share capital and could potentially enhance shareholder value by reducing the number of shares outstanding.
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 running pubs and bars across the United Kingdom. The company is known for offering a wide range of food and beverages at competitive prices, targeting a broad market segment of consumers looking for affordable dining and drinking options.
Average Trading Volume: 264,690
Technical Sentiment Signal: Buy
Current Market Cap: £730.1M
For detailed information about JDW stock, go to TipRanks’ Stock Analysis page.