Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Wickes Group ( (GB:WIX) ) has shared an update.
Wickes Group PLC has announced the purchase of 51,889 of its own ordinary shares as part of its ongoing buyback program, with plans to cancel these shares. This transaction is part of a larger buyback initiative, which has seen the company repurchase a total of 7,238,665 shares to date, aiming to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:WIX) stock is a Buy with a £275.00 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 building materials, home improvement products, and installation services, catering to both consumer and trade markets.
Average Trading Volume: 566,570
Technical Sentiment Signal: Buy
Current Market Cap: £506.7M
For an in-depth examination of WIX stock, go to TipRanks’ Overview page.