Wickes Group Advances Share Buyback Program with Latest Purchase

Wickes Group ( (GB:WIX) ) has shared an announcement.

Wickes Group PLC announced the purchase of 59,366 of its ordinary shares at prices ranging from 222.50 to 226.50 pence, with a weighted average price of 224.5411 pence. This transaction is part of its ongoing share buyback program, which has seen a total of 3,095,263 shares repurchased. The company plans to cancel these shares, reducing its issued share capital to 238,971,036 shares, thereby impacting the total voting rights and potentially influencing shareholder interest notifications under regulatory rules.

The most recent analyst rating on (GB:WIX) stock is a Buy with a £2.40 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 stock score is bolstered by positive technical analysis and corporate events, particularly the share buyback program and strong retail growth. However, financial performance challenges and high valuation metrics temper the 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 wide range of products and services for home renovation and DIY projects. The company focuses on providing value and convenience to both professional tradespeople and DIY enthusiasts across the UK market.

Average Trading Volume: 921,987

Technical Sentiment Signal: Buy

Current Market Cap: £522.4M

For an in-depth examination of WIX stock, go to TipRanks’ Stock Analysis page.