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An announcement from Greencoat UK Wind ( (GB:UKW) ) is now available.
Greencoat UK Wind PLC has executed a share buyback, purchasing 47,000 ordinary shares at an average price of 99.65 pence per share. This transaction is part of the company’s ongoing share buyback program, which aims to manage capital efficiently and potentially enhance shareholder value by holding repurchased shares in treasury.
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 operates in the renewable energy industry, focusing on wind power generation. The company primarily invests in operating UK wind farms, providing sustainable energy solutions and contributing to the UK’s renewable energy targets.
Average Trading Volume: 4,821,015
Technical Sentiment Signal: Sell
For a thorough assessment of UKW stock, go to TipRanks’ Stock Analysis page.