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JD Wetherspoon Updates Share Capital Structure with Cancellation of 265,000 Shares

Story Highlights
  • JD Wetherspoon operates pubs and restaurants offering budget-friendly food and beverages.
  • The company cancelled 265,000 shares, ensuring regulatory compliance and transparency.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
JD Wetherspoon Updates Share Capital Structure with Cancellation of 265,000 Shares

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The latest update is out from J D Wetherspoon ( (GB:JDW) ).

JD Wetherspoon announced the cancellation of 265,000 shares previously bought back, reducing its issued share capital to 111,870,115 shares with an equal number of voting rights. This update provides stakeholders with clarity on the company’s share structure, aiding regulatory compliance and ensuring transparency in line with Financial Conduct Authority guidelines.

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

JD Wetherspoon operates in the hospitality industry, primarily focusing on managing a portfolio of pubs and restaurants across the UK and Ireland, known for providing affordable food and drinks with a strong emphasis on customer service.

Average Trading Volume: 307,367

Technical Sentiment Signal: Buy

Current Market Cap: £762.4M

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

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