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Wickes Group ( (GB:WIX) ) has issued an announcement.
Wickes Group PLC announced the purchase of 37,693 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 strategy that has seen the company buy back over 7.3 million shares, reducing its share capital and potentially increasing shareholder value. The cancellation of these shares will adjust the total number of voting rights, impacting shareholder calculations under the Financial Conduct Authority’s 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 enhancement and maintenance. The company focuses on providing DIY products, home improvement solutions, and building materials to both consumers and trade professionals.
Average Trading Volume: 555,437
Technical Sentiment Signal: Buy
Current Market Cap: £497.2M
Find detailed analytics on WIX stock on TipRanks’ Stock Analysis page.