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Greencoat UK Wind ( (GB:UKW) ) has issued an update.
Greencoat UK Wind PLC has executed a share buyback, purchasing 43,400 ordinary shares at an average price of 106.27 pence per share. This transaction is part of the company’s ongoing share buyback programme, and the repurchased shares will be held in treasury, potentially impacting shareholder calculations and market positioning.
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 operates in the renewable energy sector, focusing on wind power generation. The company is dedicated to investing in and managing wind farms across the UK, contributing to sustainable energy solutions.
Average Trading Volume: 4,369,682
Technical Sentiment Signal: Sell
For a thorough assessment of UKW stock, go to TipRanks’ Stock Analysis page.