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Wickes Group ( (GB:WIX) ) has provided an update.
Wickes Group PLC has announced the purchase of 48,923 of its own ordinary shares as part of its ongoing buyback programme, with plans to cancel these shares. This transaction is part of a larger initiative that has seen the company repurchase a total of 6,809,671 shares, reducing the total number of shares in circulation and potentially increasing shareholder value by consolidating ownership.
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 primarily focused on building materials, home renovation, and DIY projects. The company caters to both professional tradespeople and DIY enthusiasts, positioning itself as a key player in the UK market.
Average Trading Volume: 643,800
Technical Sentiment Signal: Buy
Current Market Cap: £487.3M
Learn more about WIX stock on TipRanks’ Stock Analysis page.