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The latest update is out from Wickes Group ( (GB:WIX) ).
Wickes Group PLC has announced the purchase and subsequent cancellation of 14,021 of its ordinary shares as part of its ongoing buyback program. This transaction is part of a larger initiative that has seen the company repurchase over 7.6 million shares, aiming to optimize its capital structure and enhance shareholder value. The total number of voting rights in the company will be adjusted to reflect the new share capital, which may impact shareholder calculations under regulatory rules.
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 home renovation and DIY projects. The company focuses on providing quality materials and advice for both professional tradespeople and DIY enthusiasts.
Average Trading Volume: 545,658
Technical Sentiment Signal: Buy
Current Market Cap: £474.3M
For a thorough assessment of WIX stock, go to TipRanks’ Stock Analysis page.