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An announcement from Greencoat UK Wind ( (GB:UKW) ) is now available.
Greencoat UK Wind PLC has executed a share buyback transaction, purchasing 824,191 ordinary shares as part of its share buyback programme announced earlier in the year. The shares were bought at a weighted average price of 115.11 pence and will be held in treasury. This move is part of the company’s strategy to manage its capital structure effectively and could potentially enhance 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 is a company operating in the renewable energy industry, primarily focusing on wind energy projects in the UK. The company is involved in the acquisition and management of wind farms, providing sustainable energy solutions and contributing to the UK’s renewable energy targets.
Average Trading Volume: 3,369,542
Technical Sentiment Signal: Buy
See more data about UKW stock on TipRanks’ Stock Analysis page.