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An announcement from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group PLC has announced the repurchase of 18,815 of its ordinary shares as part of its ongoing buyback program, with plans to cancel these shares. This transaction is part of a larger effort, with a total of 5,785,527 shares repurchased since the program’s inception, which will reduce the company’s issued share capital to 236,280,772 shares, potentially impacting shareholder voting rights and market perception.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £206.00 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 stock score is primarily influenced by moderate financial performance and weak technical indicators. The company’s strong cash flow generation is a positive factor, but high leverage and declining revenue growth pose risks. The stock’s valuation appears high, though the dividend yield offers some appeal. Overall, the stock faces challenges in market momentum and valuation, impacting its attractiveness.
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, providing a range of products and services for home renovation and maintenance. The company focuses on offering DIY products, building supplies, and home improvement solutions to both consumers and trade professionals in the UK market.
Average Trading Volume: 815,100
Technical Sentiment Signal: Buy
Current Market Cap: £460.8M
Learn more about WIX stock on TipRanks’ Stock Analysis page.