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Virgin Wines UK PLC ( (GB:VINO) ) has shared an update.
Virgin Wines UK PLC has executed a share buyback, purchasing 104,458 ordinary shares at a volume-weighted average price of 49.50 pence per share. This move is part of a previously announced buyback program and will result in these shares being held in treasury, impacting the total number of shares with voting rights, which now stands at 50,921,926. This transaction may influence shareholder calculations regarding their interests in the company under the 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 providing a wide range of wines directly to consumers through its online platform.
Average Trading Volume: 57,590
Technical Sentiment Signal: Sell
Current Market Cap: £25.38M
See more insights into VINO stock on TipRanks’ Stock Analysis page.