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Greencoat UK Wind ( (GB:UKW) ) just unveiled an update.
Greencoat UK Wind PLC has executed a share buyback program, purchasing 671,462 ordinary shares at a weighted average price of 112.37 pence. This move is part of their strategy to manage capital efficiently and potentially enhance shareholder value by holding these shares in treasury, impacting the total number of shares available in the market.
The most recent analyst rating on (GB:UKW) stock is a Buy with a £150.00 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 operates in the renewable energy sector, focusing on wind power generation. The company is dedicated to investing in and managing wind farms across the UK, aiming to provide sustainable energy solutions.
Average Trading Volume: 3,523,879
Technical Sentiment Signal: Sell
Find detailed analytics on UKW stock on TipRanks’ Stock Analysis page.