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Greencoat UK Wind ( (GB:UKW) ) has provided an announcement.
Greencoat UK Wind PLC has executed a share buyback program, purchasing 880,000 ordinary shares at a weighted average price of 104.60 pence per share. The repurchased shares will be held in treasury, impacting the total number of shares in issue and potentially influencing shareholder calculations under regulatory guidelines.
The most recent analyst rating on (GB:UKW) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Greencoat UK Wind stock, see the GB:UKW Stock Forecast page.
Spark’s Take on GB:UKW Stock
According to Spark, TipRanks’ AI Analyst, GB:UKW is a Neutral.
Greencoat UK Wind’s overall stock score is negatively impacted by significant revenue declines and profitability issues, which are the most critical factors. The stable balance sheet and positive cash flow provide some support, while recent share buybacks show strategic initiatives to enhance shareholder value. Nonetheless, bearish technical trends and a negative P/E ratio limit the stock’s attractiveness.
To see Spark’s full report on GB:UKW stock, click here.
More about Greencoat UK Wind
Greencoat UK Wind PLC is a company operating in the renewable energy sector, primarily focusing on wind energy production. It is involved in the acquisition and management of wind farms across the UK, contributing to the country’s sustainable energy goals.
Average Trading Volume: 3,763,543
Technical Sentiment Signal: Sell
See more data about UKW stock on TipRanks’ Stock Analysis page.