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Virgin Wines UK PLC ( (GB:VINO) ) has shared an update.
Virgin Wines UK PLC has executed a share buyback program, purchasing 240,000 ordinary shares at a price of 49.50 pence each. This transaction, conducted through Cavendish Capital Markets Limited, will see the shares held in treasury, impacting the total number of shares with voting rights, now standing at 51,026,384. This move is part of the company’s strategic financial management, potentially affecting shareholder calculations under FCA’s rules.
The most recent analyst rating on (GB:VINO) stock is a Buy with a £69.00 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 Outperform.
Virgin Wines UK PLC’s strong financial management and strategic corporate actions, such as share buybacks and management incentives, are key strengths. The positive technical indicators further support its current position. However, moderate valuation and the absence of a dividend limit its appeal to some investors.
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 largest direct-to-consumer online wine retailers in the UK, focusing on delivering a wide range of wines directly to consumers.
Average Trading Volume: 57,590
Technical Sentiment Signal: Sell
Current Market Cap: £25.38M
For a thorough assessment of VINO stock, go to TipRanks’ Stock Analysis page.