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The latest announcement is out from Greencoat UK Wind ( (GB:UKW) ).
Greencoat UK Wind PLC has executed a share buyback program, purchasing 825,034 ordinary shares at an average price of 118.17 pence per share. This move is part of their ongoing strategy to manage capital and enhance shareholder value, holding the repurchased shares in treasury, which may influence shareholder calculations under FCA rules.
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 the acquisition and management of wind farms in the United Kingdom. The company is dedicated to providing sustainable energy solutions and is a significant player in the UK wind energy market.
Average Trading Volume: 3,399,385
Technical Sentiment Signal: Buy
For a thorough assessment of UKW stock, go to TipRanks’ Stock Analysis page.