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The latest update is out from Naked Wines plc ( (GB:WINE) ).
Naked Wines plc has announced a share buyback transaction, purchasing 15,000 of its ordinary shares at a price of 80.70 GBp each, as part of its ongoing share buyback programme. This move reduces the total number of shares in issue to 73,961,635, which may impact shareholder calculations under the FCA’s rules, potentially affecting market dynamics and shareholder interests.
The most recent analyst rating on (GB:WINE) stock is a Buy with a £95.00 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 has a moderate overall stock score driven by strong technical momentum and promising cash flow improvements. However, significant challenges in profitability and valuation concerns due to a negative P/E ratio weigh heavily on the score. The company’s strategic initiatives and recent corporate events provide optimism for future recovery, but immediate financial and valuation challenges remain.
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 transforming the wine-buying experience by funding winemakers upfront and offering customers high-quality wines at fair prices. The company operates in the UK, US, and Australia, providing access to over 300 independent winemakers and more than 2,500 wines from 23 countries.
Average Trading Volume: 137,028
Technical Sentiment Signal: Hold
Current Market Cap: £58.46M
See more data about WINE stock on TipRanks’ Stock Analysis page.