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Wickes Group ( (GB:WIX) ) just unveiled an update.
Wickes Group PLC has announced the purchase of 70,129 of its ordinary shares as part of an ongoing buyback program, with the intention to cancel these shares. This move is part of a broader strategy to manage the company’s share capital, which will now consist of 234,285,751 shares, potentially impacting shareholder voting rights and interest calculations.
The most recent analyst rating on (GB:WIX) stock is a Buy with a £275.00 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 wide range of products and services for home renovation and DIY projects. The company focuses on providing affordable and quality solutions for homeowners and tradespeople in the UK market.
Average Trading Volume: 542,308
Technical Sentiment Signal: Strong Buy
Current Market Cap: £480.6M
For a thorough assessment of WIX stock, go to TipRanks’ Stock Analysis page.