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The latest update is out from Wickes Group ( (GB:WIX) ).
Wickes Group PLC, a company involved in the home improvement industry, has announced the purchase of 50,278 of its own ordinary shares at prices ranging from 193.60p to 201.00p, with a weighted average price of 197.15p. This transaction is part of a larger buyback program, which has seen the company repurchase a total of 5,883,908 shares. The purchased shares will be cancelled, resulting in a total issued share capital of 236,182,391 shares. This move is expected to impact the company’s share capital structure and may influence shareholder voting rights.
The most recent analyst rating on (GB:WIX) stock is a Buy with a £250.00 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
Average Trading Volume: 807,342
Technical Sentiment Signal: Buy
Current Market Cap: £459.3M
For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.