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Virgin Wines UK PLC ( (GB:VINO) ) has provided an update.
Virgin Wines UK PLC has executed a share buyback programme, purchasing 75,000 ordinary shares at a volume-weighted average price of 53.50 pence per share. This transaction, conducted through Cavendish Capital Markets Limited, will see the acquired shares held in treasury, affecting the total number of shares with voting rights and potentially influencing shareholder calculations under FCA regulations.
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 through its online platform.
Average Trading Volume: 54,533
Technical Sentiment Signal: Sell
Current Market Cap: £27.08M
For a thorough assessment of VINO stock, go to TipRanks’ Stock Analysis page.