J D Wetherspoon ( (GB:JDW) ) has provided an update.
J D Wetherspoon plc has announced the repurchase of 217,668 of its ordinary shares at a weighted average price of 559.5064 pence per share through Investec Bank plc. The company plans to cancel these shares, a move that could potentially impact its share value and market perception by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares.
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.
YTD Price Performance: -6.67%
Average Trading Volume: 519,370
Technical Sentiment Signal: Buy
Current Market Cap: £639.3M
See more data about JDW stock on TipRanks’ Stock Analysis page.