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Wickes Group ( (GB:WIX) ) has provided an announcement.
Wickes Group PLC has announced the purchase of 70,439 of its own ordinary shares as part of its ongoing buyback programme. This move, which will lead to the cancellation of the purchased shares, aims to consolidate the company’s share capital, impacting the total number of voting rights and potentially affecting shareholder interests.
The most recent analyst rating on (GB:WIX) stock is a Buy with a £275.00 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 retail industry, offering a range of products and services primarily focused on DIY, home improvement, and building supplies. The company targets both retail consumers and trade professionals, positioning itself as a key player in the UK market.
Average Trading Volume: 544,999
Technical Sentiment Signal: Strong Buy
Current Market Cap: £482M
Learn more about WIX stock on TipRanks’ Stock Analysis page.