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Wickes Group ( (GB:WIX) ) has issued an announcement.
Wickes Group PLC has announced the purchase and cancellation of 7,793 of its ordinary shares as part of its ongoing share buyback program. This move, which brings the total number of shares repurchased to over 4.7 million, aims to reduce the company’s share capital and potentially enhance shareholder value by increasing earnings per share.
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 overall score is supported by positive corporate actions like share buybacks, which enhance shareholder value. However, financial performance and technical indicators show moderate strength, with valuation metrics suggesting caution due to a high P/E ratio.
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, providing a range of products and services for home renovations and DIY projects. The company focuses on serving both consumers and trade professionals with a variety of building materials, tools, and home improvement solutions.
Average Trading Volume: 978,926
Technical Sentiment Signal: Buy
Current Market Cap: £516.3M
Learn more about WIX stock on TipRanks’ Stock Analysis page.