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Naked Wines plc ( (GB:WINE) ) just unveiled an announcement.
Naked Wines plc announced the purchase of 70,000 of its own ordinary shares at a price of 89.50 GBp per share as part of its ongoing share buyback program. This transaction reduces the total number of shares in issue to 73,069,635, impacting the company’s share capital structure and potentially influencing shareholder value and market perception.
The most recent analyst rating on (GB:WINE) stock is a Hold with a £93.00 price target. To see the full list of analyst forecasts on Naked Wines plc stock, see the GB:WINE Stock Forecast page.
Spark’s Take on GB:WINE Stock
According to Spark, TipRanks’ AI Analyst, GB:WINE is a Neutral.
Naked Wines plc’s overall stock score is driven by a mix of strong technical momentum and strategic financial management, despite ongoing challenges in profitability and valuation. The company’s efforts in cost savings and cash management are positive, but revenue decline and customer acquisition issues remain significant hurdles.
To see Spark’s full report on GB:WINE stock, click here.
More about Naked Wines plc
Naked Wines is an innovative online wine retailer founded in 2008, focused on providing quality, choice, and fair pricing. The company operates a unique business model by funding winemakers upfront, allowing them to produce exceptional wines without financial constraints, and passing savings to customers. Naked Wines serves Angel customers in the UK, US, and Australia, offering access to over 300 independent winemakers and more than 2,500 wines from 23 countries.
Average Trading Volume: 185,044
Technical Sentiment Signal: Hold
Current Market Cap: £65.09M
For a thorough assessment of WINE stock, go to TipRanks’ Stock Analysis page.