tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Wickes Continues Buyback Programme With Further Share Cancellation

Story Highlights
  • Wickes bought 33,427 shares on 22 December as part of its ongoing buyback programme.
  • Cancellation of these shares reduces issued capital to 232.7 million, tightening Wickes’ share base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Wickes Continues Buyback Programme With Further Share Cancellation

Claim 70% Off TipRanks This Holiday Season

The latest announcement is out from Wickes Group ( (GB:WIX) ).

Wickes Group PLC has continued its share buyback programme with the repurchase of 33,427 ordinary shares on 22 December 2025, at prices between 234p and 237p per share and a volume‑weighted average price of 235.22p. The company intends to cancel these shares, bringing total repurchases under the programme to 9,354,216 shares and reducing its issued share capital to 232,712,083 shares with no treasury holdings, thereby tightening the share base and setting a new denominator for shareholders’ voting-rights calculations under UK disclosure rules.

The most recent analyst rating on (GB:WIX) stock is a Hold with a £235.00 price target. To see the full list of analyst forecasts on Wickes Group stock, see the GB:WIX Stock Forecast page.

Spark’s Take on GB:WIX Stock

According to Spark, TipRanks’ AI Analyst, GB:WIX is a Neutral.

Wickes Group’s overall stock score is driven by strong technical momentum and positive corporate actions such as share buybacks. However, financial performance is moderate due to high leverage and inconsistent revenue growth. The valuation suggests potential overvaluation, but the dividend yield offers some compensation.

To see Spark’s full report on GB:WIX stock, click here.

More about Wickes Group

Wickes Group PLC is a UK-based home improvement retailer, supplying building materials, DIY products and related services to both trade professionals and retail customers. Listed on the London Stock Exchange, the company operates in the competitive home improvement and building supplies market, serving homeowners undertaking renovation projects and small tradespeople across the country.

Average Trading Volume: 480,812

Technical Sentiment Signal: Buy

Current Market Cap: £529.6M

See more insights into WIX stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1