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Wickes Group ( (GB:WIX) ) has issued an announcement.
Wickes Group PLC has announced the purchase of 22,438 of its own ordinary shares as part of its ongoing buyback programme, with the intention to cancel these shares. This transaction is part of a larger effort, with a total of 7,082,766 shares purchased since the programme’s inception, aiming to reduce the company’s share capital 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 range of products and services for DIY enthusiasts and trade professionals. The company focuses on providing building materials, home improvement products, and related services to both consumers and tradespeople.
Average Trading Volume: 612,226
Technical Sentiment Signal: Buy
Current Market Cap: £483.4M
See more insights into WIX stock on TipRanks’ Stock Analysis page.