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J D Wetherspoon Buys Back and Cancels 250,000 Shares

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J D Wetherspoon Buys Back and Cancels 250,000 Shares

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J D Wetherspoon ( (GB:JDW) ) has provided an announcement.

J D Wetherspoon plc has repurchased 250,000 of its ordinary shares at a price of 757 pence per share via Investec Bank, and intends to cancel the shares. The transaction, conducted on the London Stock Exchange, reduces the company’s share capital and may enhance earnings per share, reflecting ongoing active capital management and potentially signalling management’s confidence in the business to investors.

The most recent analyst rating on (GB:JDW) stock is a Hold with a £769.00 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 supported by strong technical indicators and a reasonable valuation. Financial performance shows recovery, but high debt levels and historical cash flow volatility are concerns. The absence of earnings call insights and corporate events limits additional context.

To see Spark’s full report on GB:JDW stock, click here.

More about J D Wetherspoon

J D Wetherspoon plc is a UK-based pub and restaurant operator, running a large estate of managed pubs and bars across the country, with a focus on value-led food and drink in high-street and community locations.

Average Trading Volume: 298,565

Technical Sentiment Signal: Buy

Current Market Cap: £790.6M

Learn more about JDW stock on TipRanks’ Stock Analysis page.

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