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An update from Virgin Wines UK PLC ( (GB:VINO) ) is now available.
Virgin Wines UK PLC announced a share buyback transaction, purchasing 30,000 ordinary shares at a volume-weighted average price of 48.32 pence per share. This move is part of the company’s ongoing share buyback programme, which could potentially impact 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 largest direct-to-consumer online wine retailers in the UK, focusing on delivering a wide range of wines directly to consumers.
Average Trading Volume: 58,284
Technical Sentiment Signal: Sell
Current Market Cap: £25.29M
See more data about VINO stock on TipRanks’ Stock Analysis page.