Greencoat UK Wind Executes Share Buyback Program

Greencoat UK Wind ( (GB:UKW) ) has shared an update.

Greencoat UK Wind PLC has executed a share buyback program, purchasing 281,436 ordinary shares at an average price of 113.91 pence per share. This move is part of a strategy to manage the company’s capital structure and potentially enhance shareholder value, with the repurchased shares being held in treasury.

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 sector, focusing on wind energy production. It primarily invests in and manages wind farms across the UK, contributing to the country’s sustainable energy goals.

Average Trading Volume: 4,382,629

Technical Sentiment Signal: Sell

See more data about UKW stock on TipRanks’ Stock Analysis page.