An update from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group plc has announced the repurchase of 38,775 of its ordinary shares at prices ranging from 188 to 191 pence per share, with a weighted average price of 190.2648 pence. This transaction is part of the company’s ongoing buyback program, which has seen a total of 1,140,632 shares repurchased to date. The company plans to cancel these shares, resulting in a new total of 240,925,667 shares in issued share capital, which will affect the total number of voting rights available to shareholders.
Spark’s Take on GB:WIX Stock
According to Spark, TipRanks’ AI Analyst, GB:WIX is a Outperform.
Wickes Group scores a 70, reflecting a combination of moderate financial health, strong technical indicators, and positive corporate actions. The stock benefits from solid cash generation and strategic initiatives like share buybacks, which enhance shareholder value. However, challenges such as high leverage and declining revenue growth pose risks. The stock is moderately valued, supported by a strong dividend yield, making it an appealing option for income-focused investors.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
YTD Price Performance: 24.07%
Average Trading Volume: 1,148,666
Technical Sentiment Signal: Sell
Current Market Cap: £443.2M
See more insights into WIX stock on TipRanks’ Stock Analysis page.