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Wickes Group ( (GB:WIX) ) has issued an update.
Wickes Group PLC has announced the purchase of 12,590 of its own ordinary shares as part of an ongoing buyback program, with plans to cancel these shares. This transaction is part of a broader strategy that has seen the company repurchase a total of 6,871,123 shares, reducing the total number of shares in circulation and potentially increasing the value of remaining shares, which could have implications for shareholder voting rights and market perception.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £225.00 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 reflects moderate financial health with strong cash flow but challenges in revenue growth and high leverage. Technical indicators suggest potential resistance and bearish momentum, while valuation metrics indicate fair value with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
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 building materials, tools, and home improvement solutions to both DIY enthusiasts and professional tradespeople.
Average Trading Volume: 643,624
Technical Sentiment Signal: Buy
Current Market Cap: £492.8M
For a thorough assessment of WIX stock, go to TipRanks’ Stock Analysis page.