Wickes Group Advances Share Buyback Program

Wickes Group ( (GB:WIX) ) just unveiled an announcement.

Wickes Group PLC announced the purchase and cancellation of 1,192 ordinary shares as part of its ongoing share buyback program. This transaction brings the total number of shares repurchased since the program’s inception to over 2 million, impacting the company’s share capital and voting rights, which now stand at 240,050,937 shares.

The most recent analyst rating on (GB:WIX) stock is a Hold with a £2.02 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 Outperform.

Wickes Group’s stock score is bolstered by strong technical momentum and strategic corporate actions like share buybacks, which enhance value. While high leverage and revenue growth challenges exist, strong cash flow and a robust dividend yield support its appeal. Careful management of financial leverage and technical conditions will be key to sustaining its positive outlook.

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

More about Wickes Group

Wickes Group PLC operates in the home improvement retail industry, offering a range of products and services for home renovation and maintenance. The company focuses on providing quality building materials, tools, and home improvement products to both professional tradespeople and DIY enthusiasts.

Average Trading Volume: 1,155,642

Technical Sentiment Signal: Buy

Current Market Cap: £503.5M

For a thorough assessment of WIX stock, go to TipRanks’ Stock Analysis page.