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Greencoat UK Wind ( (GB:UKW) ) has shared an update.
Greencoat UK Wind PLC has executed a share buyback program, purchasing 797,405 ordinary shares at a weighted average price of 118.36 pence per share. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by holding these shares in treasury, which may impact the calculations of shareholder interests under regulatory guidelines.
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 is a company operating in the renewable energy sector, focusing on wind power generation. It primarily invests in operating UK wind farms, providing sustainable energy solutions and contributing to the country’s renewable energy targets.
Average Trading Volume: 3,415,212
Technical Sentiment Signal: Buy
Find detailed analytics on UKW stock on TipRanks’ Stock Analysis page.