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Greencoat UK Wind ( (GB:UKW) ) has issued an announcement.
Greencoat UK Wind PLC announced the repurchase of 683,419 ordinary shares as part of its share buyback program, with prices ranging from 110.60p to 112.60p per share. This transaction, which results in the company holding over 107 million shares in treasury, is part of a strategic move to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:UKW) stock is a Buy with a £150.00 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, focusing on wind power generation. It 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: 3,523,879
Technical Sentiment Signal: Sell
Find detailed analytics on UKW stock on TipRanks’ Stock Analysis page.