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The latest announcement is out from Greencoat UK Wind ( (GB:UKW) ).
Greencoat UK Wind PLC has repurchased 48,000 ordinary shares under its ongoing share buyback programme, paying a weighted average price of 98.85 pence per share. The shares will be held in treasury, bringing the company’s treasury holding to 147,885,084 shares and leaving 2,159,563,572 ordinary shares in issue excluding treasury stock, a figure relevant for investors’ disclosure and transparency calculations under FCA rules.
The most recent analyst rating on (GB:UKW) stock is a Hold with a £101.00 price target. To see the full list of analyst forecasts on Greencoat UK Wind stock, see the GB:UKW Stock Forecast page.
Spark’s Take on GB:UKW Stock
According to Spark, TipRanks’ AI Analyst, GB:UKW is a Neutral.
The score is held back primarily by the sharp deterioration in profitability/revenue in the latest period despite strong cash flow and a manageable balance sheet. Technicals are mildly bearish (below key moving averages and negative MACD), while valuation is supported by the high dividend yield but tempered by a negative P/E. Corporate actions (share buybacks) provide a modest positive offset, with some regulatory risk noted.
To see Spark’s full report on GB:UKW stock, click here.
More about Greencoat UK Wind
Greencoat UK Wind PLC is a London-listed renewable infrastructure fund focused on investing in operational onshore and offshore wind farms across the UK. The company provides investors with exposure to long-term, inflation-linked cash flows from wind power generation assets, positioning itself as a specialist vehicle in the clean energy and infrastructure investment market.
Average Trading Volume: 4,556,195
Technical Sentiment Signal: Sell
For a thorough assessment of UKW stock, go to TipRanks’ Stock Analysis page.