TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Greencoat UK Wind ( (GB:UKW) ) has issued an announcement.
Greencoat UK Wind PLC has executed a share buyback transaction, purchasing 50,000 ordinary shares at an average price of 98.60 pence per share. This move is part of their ongoing share buyback program aimed at optimizing their capital structure and potentially enhancing shareholder value. The repurchased shares will be held in treasury, which may affect the company’s share count and influence shareholder calculations under regulatory disclosure requirements.
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 is a company operating in the renewable energy sector, focusing on the acquisition and management of wind farms across the United Kingdom. The company is dedicated to providing sustainable energy solutions and has a significant presence in the UK wind energy market.
Average Trading Volume: 4,852,856
Technical Sentiment Signal: Sell
For a thorough assessment of UKW stock, go to TipRanks’ Stock Analysis page.