Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Greencoat UK Wind ( (GB:UKW) ) has issued an announcement.
Greencoat UK Wind PLC has executed a share buyback program, purchasing 880,000 ordinary shares at a weighted average price of 106.83 pence per share. This move is part of their strategy to manage capital effectively, with the repurchased shares held in treasury, impacting the total number of shares available to the market and potentially influencing shareholder value.
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 is a company operating in the renewable energy sector, focusing on wind power generation. It primarily invests in and manages wind farms across the United Kingdom, providing sustainable energy solutions and contributing to the UK’s renewable energy targets.
Average Trading Volume: 3,753,818
Technical Sentiment Signal: Sell
Find detailed analytics on UKW stock on TipRanks’ Stock Analysis page.