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Greencoat UK Wind ( (GB:UKW) ) just unveiled an update.
Greencoat UK Wind PLC announced the repurchase of 900,000 ordinary shares as part of its ongoing share buyback program. The shares were bought at a weighted average price of 105.29 pence and will be held in treasury, reflecting 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 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 production and reducing carbon emissions.
Average Trading Volume: 3,783,901
Technical Sentiment Signal: Sell
Learn more about UKW stock on TipRanks’ Stock Analysis page.