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Greencoat UK Wind ( (GB:UKW) ) just unveiled an announcement.
Greencoat UK Wind PLC has executed a share buyback, purchasing 53,700 ordinary shares as part of its ongoing share buyback program. This move, which involves holding the repurchased shares in treasury, impacts the total number of shares in issue and can influence shareholder calculations under the FCA’s rules, potentially affecting the company’s market positioning and stakeholder interests.
The most recent analyst rating on (GB:UKW) stock is a Buy with a £145.00 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 wind energy. The company is involved in the acquisition and management of wind farms in the United Kingdom, aiming to provide sustainable energy solutions.
Average Trading Volume: 4,893,178
Technical Sentiment Signal: Sell
See more insights into UKW stock on TipRanks’ Stock Analysis page.