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Wickes Group ( (GB:WIX) ) just unveiled an announcement.
Wickes Group PLC announced the purchase of 48,675 of its ordinary shares as part of its ongoing buyback program. The shares were acquired at a weighted average price of 222.05 pence and will be canceled, reducing the company’s total share capital to 235,354,172 shares. This move is part of Wickes’ strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
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 industry, offering a range of products and services focused on home renovation and DIY projects. The company is a prominent player in the UK market, catering to both individual consumers and trade professionals.
Average Trading Volume: 658,226
Technical Sentiment Signal: Buy
Current Market Cap: £511M
See more data about WIX stock on TipRanks’ Stock Analysis page.