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Virgin Wines UK PLC ( (GB:VINO) ) just unveiled an announcement.
Virgin Wines UK PLC has executed a share buyback program, purchasing 75,000 ordinary shares at a volume-weighted average price of 51.50 pence per share. This transaction, conducted through Cavendish Capital Markets Limited, is part of a strategy to manage the company’s share capital, with the acquired shares to be held in treasury. The buyback impacts the total number of shares with voting rights, now standing at 50,846,926, which may influence shareholder calculations under the FCA’s Disclosure Guidance and Transparency 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 UK’s largest direct-to-consumer online wine retailers, focusing on providing a wide range of wines directly to consumers through its online platform.
Average Trading Volume: 56,751
Technical Sentiment Signal: Sell
Current Market Cap: £26.48M
Find detailed analytics on VINO stock on TipRanks’ Stock Analysis page.