Greencoat UK Wind Executes Share Buyback Program

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

Greencoat UK Wind PLC has executed a share buyback program, purchasing 410,000 ordinary shares at an average price of 118.71 pence per share. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by holding the repurchased shares 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 is involved in the acquisition and management of wind farms across the UK, aiming to provide sustainable energy solutions.

Average Trading Volume: 4,297,947

Technical Sentiment Signal: Buy

Find detailed analytics on UKW stock on TipRanks’ Stock Analysis page.