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Greencoat UK Wind ( (GB:UKW) ) has issued an announcement.
Greencoat UK Wind PLC has executed a share buyback transaction, purchasing 450,000 ordinary shares at a weighted average price of 123.51 pence per share. This move is part of its ongoing share buyback programme, which aims to enhance shareholder value by reducing the number of shares in circulation, thereby 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 £190.00 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 operating UK wind farms, providing sustainable energy solutions and contributing to the country’s renewable energy targets.
Average Trading Volume: 3,595,871
Technical Sentiment Signal: Strong Buy
Learn more about UKW stock on TipRanks’ Stock Analysis page.