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Greencoat UK Wind ( (GB:UKW) ) just unveiled an announcement.
Greencoat UK Wind PLC has executed a share buyback, purchasing 877,192 ordinary shares at an average price of 110.12 pence per share. This move, part of a previously announced buyback program, results in the company holding a significant number of shares in treasury, which could impact shareholder calculations under FCA rules.
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 involved in the acquisition and management of wind farms across the UK, contributing to sustainable energy production and supporting the transition to a low-carbon economy.
Average Trading Volume: 4,275,065
Technical Sentiment Signal: Sell
See more insights into UKW stock on TipRanks’ Stock Analysis page.