Greencoat UK Wind Executes Share Buyback Program

Greencoat UK Wind ( (GB:UKW) ) has provided an announcement.

Greencoat UK Wind PLC has executed a share buyback program, purchasing 326,706 ordinary shares at an average price of 115.53 pence per share. This move is part of its ongoing strategy to manage capital effectively, with the repurchased shares being held in treasury, impacting the total number of shares available in the market.

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 operates in the renewable energy sector, focusing primarily 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: 4,398,580

Technical Sentiment Signal: Sell

Learn more about UKW stock on TipRanks’ Stock Analysis page.