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Wickes Group ( (GB:WIX) ) has shared an announcement.
Wickes Group PLC has announced the purchase of 49,378 of its own ordinary shares as part of its ongoing buyback program, with plans to cancel these shares. This transaction brings the total number of shares repurchased to over 6.2 million, reducing the company’s share capital and potentially increasing shareholder value by consolidating ownership and enhancing 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 within the home improvement retail industry, offering a range of products and services focused on home renovation and DIY projects. The company caters primarily to homeowners and trade professionals, providing building materials, tools, and home improvement solutions.
Average Trading Volume: 686,972
Technical Sentiment Signal: Buy
Current Market Cap: £484.2M
Learn more about WIX stock on TipRanks’ Stock Analysis page.