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Virgin Wines UK PLC ( (GB:VINO) ) has issued an announcement.
Virgin Wines UK plc has continued to execute its previously announced share buyback programme, purchasing 75,000 ordinary shares at a volume-weighted average price of 60 pence per share through Cavendish Capital Markets. The newly repurchased shares will be held in treasury, bringing the total treasury holding to 5,903,031 shares and leaving 50,069,374 ordinary shares in issue with voting rights, a figure the company highlights as the new reference point for shareholders’ regulatory disclosure calculations under FCA transparency rules.
The most recent analyst rating on (GB:VINO) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Virgin Wines UK PLC stock, see the GB:VINO Stock Forecast page.
Spark’s Take on GB:VINO Stock
According to Spark, TipRanks’ AI Analyst, GB:VINO is a Neutral.
Virgin Wines UK PLC’s stock score is driven by mixed financial performance and technical indicators suggesting short-term bullish momentum. The valuation is moderate, but the lack of a dividend yield and challenges in revenue growth and cash flow consistency weigh on the score.
To see Spark’s full report on GB:VINO stock, click here.
More about Virgin Wines UK PLC
Virgin Wines UK plc is one of the UK’s largest direct-to-consumer online wine retailers, specialising in internet-based sales of wine directly to customers across the country. The company focuses on curated wine selections and subscription-style offerings aimed at convenience-driven and value-conscious consumers in the online drinks market.
Average Trading Volume: 50,548
Technical Sentiment Signal: Buy
Current Market Cap: £30.84M
For an in-depth examination of VINO stock, go to TipRanks’ Overview page.