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An announcement from Greencoat UK Wind ( (GB:UKW) ) is now available.
Greencoat UK Wind PLC has executed a share buyback, purchasing 1,073,014 ordinary shares at an average price of 111.54 pence per share. This move is part of its ongoing share buyback programme, aiming to enhance shareholder value by holding the repurchased shares in treasury, thereby reducing the number of shares in circulation.
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 operates within the renewable energy sector, focusing primarily on wind power generation. The company is dedicated to investing in and managing wind farms across the United Kingdom, contributing to the country’s renewable energy goals.
Average Trading Volume: 4,103,721
Technical Sentiment Signal: Sell
See more insights into UKW stock on TipRanks’ Stock Analysis page.