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The latest announcement is out from Greencoat UK Wind ( (GB:UKW) ).
Greencoat UK Wind PLC has executed a share buyback, purchasing 500,000 ordinary shares at an average price of 119.22 pence per share. This transaction is part of its ongoing share buyback program, aimed at optimizing capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:UKW) stock is a Buy with a £190.00 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 operates in the renewable energy industry, focusing on wind power generation. The company primarily invests in operating UK wind farms, providing sustainable energy solutions and contributing to the country’s renewable energy targets.
Average Trading Volume: 4,200,693
Technical Sentiment Signal: Buy
For detailed information about UKW stock, go to TipRanks’ Stock Analysis page.