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Wickes Group ( (GB:WIX) ) has shared an announcement.
Wickes Group PLC has announced the purchase of 16,973 of its own ordinary shares at an average price of 220.04 pence per share, as part of its ongoing share buyback program. This move, which will see the purchased shares canceled, is part of a broader strategy to manage the company’s capital structure and enhance shareholder value, reducing the total number of shares and potentially increasing 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 in the home improvement retail industry, offering a range of products and services for home renovation and DIY projects. The company focuses on providing quality building materials, tools, and home improvement solutions to consumers and professionals.
Average Trading Volume: 638,303
Technical Sentiment Signal: Buy
Current Market Cap: £498.2M
Find detailed analytics on WIX stock on TipRanks’ Stock Analysis page.