Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Wickes Group ( (GB:WIX) ) has provided an update.
Wickes Group PLC has announced the purchase of 48,356 of its own ordinary shares as part of its ongoing buyback program. The shares were bought at prices ranging from 221.50p to 223.50p and will be canceled, reducing the company’s issued share capital to 235,469,365 shares. This move is part of Wickes’ strategy to manage its capital structure and potentially enhance shareholder value.
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
Average Trading Volume: 653,381
Technical Sentiment Signal: Buy
Current Market Cap: £517M
See more insights into WIX stock on TipRanks’ Stock Analysis page.