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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 772,773 ordinary shares at an average price of 119.29 pence per share. This transaction is part of a previously announced buyback program, and the repurchased shares will be held in treasury, potentially impacting the company’s share value and investor interest.
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 primarily on wind power generation. The company invests in and manages wind farms across the UK, contributing to the country’s sustainable energy goals.
Average Trading Volume: 3,415,212
Technical Sentiment Signal: Buy
See more data about UKW stock on TipRanks’ Stock Analysis page.