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The latest update is out from Virgin Wines UK PLC ( (GB:VINO) ).
Virgin Wines UK PLC announced the purchase of 75,000 ordinary shares at a volume-weighted average price of 47.44 pence per share as part of its share buyback programme. This transaction will impact the company’s share capital, with the purchased shares being held in treasury, and may influence shareholder calculations regarding their interests in the company.
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 online sales.
Average Trading Volume: 57,741
Technical Sentiment Signal: Sell
Current Market Cap: £23.85M
Find detailed analytics on VINO stock on TipRanks’ Stock Analysis page.