Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Greencoat UK Wind ( (GB:UKW) ) has shared an announcement.
Greencoat UK Wind PLC has executed a share buyback program, purchasing 498,920 ordinary shares at an average price of 121.59 pence per share. This move, part of a previously announced buyback program, aims to enhance shareholder value and optimize capital structure 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, primarily focusing on wind power generation. It is involved in the acquisition and management of wind farms across the UK, contributing to the country’s renewable energy supply.
Average Trading Volume: 4,055,576
Technical Sentiment Signal: Buy
For a thorough assessment of UKW stock, go to TipRanks’ Stock Analysis page.