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An update from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group PLC, a company involved in the home improvement and building supplies sector, has announced the purchase of 29,119 of its own ordinary shares at an average price of 222 pence per share. This transaction is part of an ongoing buyback program, which has seen the company repurchase a total of 6,626,053 shares. The purchased shares will be canceled, reducing the company’s total issued share capital to 235,440,246 shares. This move is likely to impact the company’s market positioning by potentially increasing the value of remaining shares and altering the voting rights structure for shareholders.
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: 655,533
Technical Sentiment Signal: Buy
Current Market Cap: £513.4M
See more data about WIX stock on TipRanks’ Stock Analysis page.