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Wickes Group ( (GB:WIX) ) has shared an update.
Wickes Group PLC has announced the purchase of 25,387 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 initiative, having bought back a total of 6,962,182 shares, which will reduce the company’s share capital and potentially enhance shareholder value by increasing the proportionate ownership of remaining shares.
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 maintenance. The company focuses on providing quality building materials and DIY solutions to homeowners and professionals in the UK market.
Average Trading Volume: 622,012
Technical Sentiment Signal: Buy
Current Market Cap: £493.6M
For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.