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Greencoat UK Wind ( (GB:UKW) ) has issued an announcement.
Greencoat UK Wind PLC has executed a share buyback, purchasing 47,200 ordinary shares at a weighted average price of 100.06 pence per share. This transaction is part of the company’s ongoing share buyback program, which aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and providing a return of capital to shareholders.
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 primarily invests in and manages wind farms across the UK, contributing to sustainable energy solutions and aiming to provide attractive returns for its shareholders.
Average Trading Volume: 4,882,044
Technical Sentiment Signal: Sell
See more data about UKW stock on TipRanks’ Stock Analysis page.