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Wickes Group ( (GB:WIX) ) has issued an update.
Wickes Group PLC has announced the purchase of 26,558 of its own ordinary shares as part of its ongoing buyback programme. This transaction, conducted through Peel Hunt LLP, will result in the cancellation of the purchased shares, reducing the company’s issued share capital and potentially impacting shareholder voting rights.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £2.00 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 building projects. The company focuses on offering quality products and expert advice to both DIY enthusiasts and professional builders.
Average Trading Volume: 826,905
Technical Sentiment Signal: Buy
Current Market Cap: £455.2M
See more insights into WIX stock on TipRanks’ Stock Analysis page.