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Naked Wines plc ( (GB:WINE) ) has provided an update.
Naked Wines plc announced the purchase of 150,000 of its ordinary shares as part of its share buyback program, at a price of 85.00 pence per share. This transaction reduces the total number of shares in issue to 71,769,635, impacting the company’s voting rights and potentially affecting shareholder interests.
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 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: 252,463
Technical Sentiment Signal: Buy
Current Market Cap: £60.55M
See more data about WINE stock on TipRanks’ Stock Analysis page.