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The latest announcement is out from Wickes Group ( (GB:WIX) ).
Wickes Group PLC has announced the purchase and subsequent cancellation of 24,576 of its ordinary shares as part of its ongoing buyback program. This transaction reflects the company’s strategy to manage its share capital effectively, potentially enhancing shareholder value by reducing the number of shares in circulation, thus increasing the earnings per share.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £225.00 price target. To see the full list of analyst forecasts on Wickes Group stock, see the GB:WIX Stock Forecast page.
Spark’s Take on GB:WIX Stock
According to Spark, TipRanks’ AI Analyst, GB:WIX is a Neutral.
Wickes Group’s overall stock score reflects moderate financial health with strong cash flow but challenges in revenue growth and high leverage. Technical indicators suggest potential resistance and bearish momentum, while valuation metrics indicate fair value with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Wickes Group PLC operates in the home improvement retail industry, offering a range of products and services for DIY enthusiasts and professional builders. The company focuses on providing building materials, tools, and home improvement solutions to the UK market.
Average Trading Volume: 683,945
Technical Sentiment Signal: Buy
Current Market Cap: £501.4M
Find detailed analytics on WIX stock on TipRanks’ Stock Analysis page.