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J D Wetherspoon ( (GB:JDW) ) has issued an update.
J D Wetherspoon has highlighted the tax disparity between pubs and supermarkets, arguing that the current tax system unfairly burdens the hospitality industry with excessive VAT and business rates compared to supermarkets. This imbalance has led to a significant loss of beer trade from pubs to supermarkets, affecting the social and economic fabric of communities. The company advocates for tax equality, suggesting that aligning VAT and business rates for pubs with those of supermarkets would lead to a more successful hospitality industry, increased employment, and revitalized town centers.
The most recent analyst rating on (GB:JDW) stock is a Hold with a £777.00 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 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 restaurants across the UK. The company is known for its affordable food and drink offerings and has a significant presence in the market, aiming to provide a social space for communities.
Average Trading Volume: 289,646
Technical Sentiment Signal: Sell
Current Market Cap: £727.4M
For a thorough assessment of JDW stock, go to TipRanks’ Stock Analysis page.