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Virgin Wines UK PLC ( (GB:VINO) ) has issued an update.
Virgin Wines UK plc has repurchased 150,000 ordinary shares at a volume-weighted average price of 60 pence per share under its previously announced share buyback programme, with the shares to be held in treasury. Following this transaction, the company’s issued share capital remains 55,972,405 ordinary shares, of which 5,828,031 are held in treasury, leaving 50,144,374 shares in issue with voting rights, a figure that will be used by investors for calculating notifiable shareholdings under UK regulatory disclosure rules.
The most recent analyst rating on (GB:VINO) stock is a Hold with a £56.00 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, focusing on selling wine directly to customers via digital channels rather than through traditional bricks-and-mortar outlets.
Average Trading Volume: 49,949
Technical Sentiment Signal: Buy
Current Market Cap: £30.93M
See more data about VINO stock on TipRanks’ Stock Analysis page.