Greencoat UK Wind Buys Back 50,000 Shares for Treasury

Greencoat UK Wind ( (GB:UKW) ) has issued an announcement.

Greencoat UK Wind PLC has repurchased 50,000 of its own ordinary shares under its ongoing share buyback programme, paying a weighted average price of 98.13 pence per share, with trades executed on the London Stock Exchange. The shares bought back will be held in treasury, bringing treasury holdings to 147,446,713 shares and leaving 2,160,001,943 ordinary shares in issue excluding treasury, a change that slightly reduces the free float and provides an updated denominator for investors’ disclosure calculations under FCA transparency rules.

The most recent analyst rating on (GB:UKW) stock is a Buy with a £145.00 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.

Greencoat UK Wind’s overall stock score is negatively impacted by significant revenue declines and profitability issues, which are the most critical factors. The stable balance sheet and positive cash flow provide some support, while recent share buybacks show strategic initiatives to enhance shareholder value. Nonetheless, bearish technical trends and a negative P/E ratio limit the stock’s attractiveness.

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 investment company focused on acquiring and operating UK wind assets. It provides investors with exposure to income from operational onshore and offshore wind farms, positioning itself as a specialist vehicle within the UK’s clean energy and infrastructure sector.

Average Trading Volume: 4,600,975

Technical Sentiment Signal: Sell

For detailed information about UKW stock, go to TipRanks’ Stock Analysis page.