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Domino’s Pizza ( (GB:DOM) ) just unveiled an update.
Domino’s Pizza Group PLC announced the purchase and cancellation of 495,000 ordinary shares as part of its share buyback program. This move reduces the total number of shares in circulation, potentially increasing the value of remaining shares and reflecting the company’s commitment to returning value to its shareholders.
The most recent analyst rating on (GB:DOM) stock is a Hold with a £235.00 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 is a leading player in the food and beverage industry, primarily focused on the production and delivery of pizzas. The company operates globally, offering a wide range of pizza options and related products to a diverse customer base.
Average Trading Volume: 1,469,335
Technical Sentiment Signal: Sell
Current Market Cap: £755.9M
See more data about DOM stock on TipRanks’ Stock Analysis page.