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Greencoat UK Wind ( (GB:UKW) ) has issued an announcement.
Greencoat UK Wind PLC announced a share buyback transaction, purchasing 283,513 ordinary shares at an average price of 126.88 pence per share. This move is part of their ongoing share buyback programme, and the repurchased shares will be held in treasury, affecting the total number of shares in issue and potentially impacting shareholder calculations under FCA rules.
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 is a company operating in the renewable energy sector, focusing on wind energy production. It is involved in the acquisition and management of wind farms across the UK, contributing to the country’s renewable energy goals.
Average Trading Volume: 3,555,452
Technical Sentiment Signal: Strong Buy
See more data about UKW stock on TipRanks’ Stock Analysis page.