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Greencoat UK Wind ( (GB:UKW) ) has issued an announcement.
Greencoat UK Wind PLC has executed a share buyback, purchasing 250,000 ordinary shares at a weighted average price of 122.56 pence per share. This transaction is part of their ongoing share buyback program, and the repurchased shares will be held in treasury, impacting the company’s share capital structure and potentially enhancing shareholder value.
The most recent analyst rating on (GB:UKW) stock is a Buy with a £170.00 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 energy investments in the UK. It manages a portfolio of wind farms, providing sustainable energy solutions and contributing to the UK’s renewable energy targets.
Average Trading Volume: 3,603,778
Technical Sentiment Signal: Buy
See more data about UKW stock on TipRanks’ Stock Analysis page.