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The latest announcement is out from Greencoat UK Wind ( (GB:UKW) ).
Greencoat UK Wind PLC announced the purchase of 700,000 of its own ordinary shares as part of its share buyback program. This transaction, which saw shares bought at an average price of 113.31 pence, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:UKW) stock is a Buy with a £150.00 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, aiming to provide sustainable energy solutions.
Average Trading Volume: 3,534,620
Technical Sentiment Signal: Sell
See more insights into UKW stock on TipRanks’ Stock Analysis page.