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Wetherspoon Cancels 893,434 Shares, Updates Voting Rights

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Wetherspoon Cancels 893,434 Shares, Updates Voting Rights

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

J D Wetherspoon plc announced the cancellation of 893,434 ordinary shares, which were previously purchased and notified to the market. Following this cancellation, the company’s issued share capital now consists of 114,115,991 ordinary shares, each with voting rights, impacting how shareholders calculate their interests under the Financial Conduct Authority’s rules.

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: 613,827

Technical Sentiment Signal: Buy

Current Market Cap: £788.4M

For a thorough assessment of JDW stock, go to TipRanks’ Stock Analysis page.

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