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Domino’s Pizza ( (GB:DOM) ) has issued an announcement.
Domino’s Pizza Group PLC has announced the repurchase and cancellation of 480,815 ordinary shares as part of its ongoing share buyback program. This transaction, conducted through Panmure Liberum Limited, reduces the total number of shares in issue to 391,087,886, impacting the company’s total voting rights and potentially increasing shareholder value by reducing the number of shares available in the market.
The most recent analyst rating on (GB:DOM) stock is a Sell with a £1.95 price target. To see the full list of analyst forecasts on Domino’s Pizza stock, see the GB:DOM Stock Forecast page.
Spark’s Take on GB:DOM Stock
According to Spark, TipRanks’ AI Analyst, GB:DOM is a Neutral.
Domino’s Pizza’s stock score is primarily influenced by its strong valuation metrics, indicating potential undervaluation and a high dividend yield. However, significant financial leverage and negative equity pose risks. Technical indicators suggest bearish momentum, which could affect short-term performance. Director share purchases provide a positive signal of confidence.
To see Spark’s full report on GB:DOM stock, click here.
More about Domino’s Pizza
Domino’s Pizza Group PLC operates in the fast-food industry, primarily focusing on pizza delivery and takeaway services. The company is a leading player in the UK market, known for its wide range of pizza offerings and efficient delivery network.
Average Trading Volume: 1,365,012
Technical Sentiment Signal: Sell
Current Market Cap: £816M
For a thorough assessment of DOM stock, go to TipRanks’ Stock Analysis page.