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Greencoat UK Wind ( (GB:UKW) ) has issued an update.
Greencoat UK Wind PLC has executed a share buyback program, purchasing 305,227 of its own ordinary shares at an average price of 119.43 pence per share. This move, part of a previously announced program, results in the company holding a total of 86,329,885 shares in treasury, impacting the total number of shares available for trading and potentially influencing shareholder notifications under regulatory guidelines.
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 the acquisition and management of wind farms across the UK. The company primarily invests in wind energy projects, aiming to provide sustainable and clean energy solutions.
Average Trading Volume: 4,200,693
Technical Sentiment Signal: Buy
For detailed information about UKW stock, go to TipRanks’ Stock Analysis page.