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Wickes Group ( (GB:WIX) ) just unveiled an announcement.
Wickes Group plc has announced the purchase and subsequent cancellation of 69,662 of its ordinary shares as part of its ongoing share buyback program. This move brings the total number of shares repurchased to over 4.1 million, reducing the company’s issued share capital to 237,936,465 shares. The cancellation of these shares will adjust the total number of voting rights, impacting shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:WIX) stock is a Buy with a £1.98 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 overall stock score reflects strong technical momentum supported by the stock trading above key moving averages and positive MACD. While the financial performance is moderate due to high leverage and declining revenue growth, the robust share buyback program enhances shareholder value. Valuation is a concern with a high P/E ratio, although the dividend yield provides some offset.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 1,026,319
Technical Sentiment Signal: Buy
Current Market Cap: £541.1M
See more data about WIX stock on TipRanks’ Stock Analysis page.