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Greencoat UK Wind ( (GB:UKW) ) has issued an announcement.
Greencoat UK Wind PLC has executed a share buyback, purchasing 45,000 ordinary shares at an average price of 97.11 pence per share. This transaction is part of its ongoing share buyback program, and the repurchased shares will be held in treasury, impacting the total number of shares available for trading and potentially influencing shareholder value.
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 sector, focusing on wind power generation. The company is involved in the acquisition and management of wind farms across the UK, providing sustainable energy solutions and contributing to the country’s renewable energy targets.
Average Trading Volume: 4,767,979
Technical Sentiment Signal: Sell
See more insights into UKW stock on TipRanks’ Stock Analysis page.