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Wickes Group ( (GB:WIX) ) has shared an update.
Wickes Group PLC has announced the purchase and subsequent cancellation of 37,399 of its ordinary shares as part of its ongoing buyback program. This transaction is part of a larger effort, with a total of 6,663,452 shares repurchased since the program’s inception. The cancellation of these shares will adjust the company’s issued share capital to 235,402,847 shares, impacting the voting rights and potentially affecting shareholder calculations under the Financial Conduct Authority’s rules.
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 wide range of products and services for DIY enthusiasts and professional tradespeople. The company focuses on providing quality home improvement solutions to its customers in the UK market.
Average Trading Volume: 658,226
Technical Sentiment Signal: Buy
Current Market Cap: £511M
Find detailed analytics on WIX stock on TipRanks’ Stock Analysis page.