tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Greencoat UK Wind PLC Executes Share Buyback

Story Highlights
Greencoat UK Wind PLC Executes Share Buyback

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Greencoat UK Wind ( (GB:UKW) ) has provided an update.

Greencoat UK Wind PLC announced the repurchase of 300,000 ordinary shares as part of its ongoing share buyback program. The shares were bought at a weighted average price of 125.61 pence and will be held in treasury, impacting the total number of shares available for trading and potentially influencing shareholder calculations under FCA rules.

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 the acquisition and management of wind farms across the United Kingdom. The company is a prominent player in the UK renewable energy market, providing sustainable energy solutions through its extensive portfolio of wind energy assets.

Average Trading Volume: 3,470,644

Technical Sentiment Signal: Strong Buy

For an in-depth examination of UKW stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1