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An announcement from Virgin Wines UK PLC ( (GB:VINO) ) is now available.
Virgin Wines UK plc has continued to execute its previously announced share buyback programme, repurchasing 41,981 ordinary shares at a volume-weighted average price of 60 pence per share via broker Cavendish Capital Markets, with the shares to be held in treasury. Following this transaction, the company’s issued share capital remains at 55,972,405 ordinary shares, of which 5,945,012 are held in treasury, leaving 50,027,393 shares in issue with voting rights, a figure that will guide investors’ disclosure and transparency calculations and marginally concentrates existing shareholders’ stakes.
The most recent analyst rating on (GB:VINO) stock is a Hold with a £61.00 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, selling wine directly to customers over the internet and focusing on the domestic UK market.
Average Trading Volume: 47,285
Technical Sentiment Signal: Buy
Current Market Cap: £30.84M
For a thorough assessment of VINO stock, go to TipRanks’ Stock Analysis page.