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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 890,000 ordinary shares at a weighted average price of 107.07 pence per share. This transaction, part of a previously announced buyback initiative, results in the company holding 124,250,663 shares in treasury, while the total number of shares in issue, excluding treasury shares, stands at 2,183,197,993. The buyback is a strategic move to manage the company’s capital structure and potentially enhance 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 industry, focusing primarily 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 targets and sustainability goals.
Average Trading Volume: 3,969,368
Technical Sentiment Signal: Sell
For an in-depth examination of UKW stock, go to TipRanks’ Overview page.