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Wickes Group ( (GB:WIX) ) just unveiled an update.
Wickes Group PLC has announced the purchase of 9,200 of its ordinary shares at prices ranging from 222.00 to 233.50 pence per share, as part of its ongoing share buyback program. This transaction brings the total number of shares repurchased under the program to 4,772,125. The company plans to cancel these shares, which will adjust its total voting rights to 237,294,174, potentially impacting shareholder calculations under the Financial Conduct Authority’s 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 overall stock score is 56, driven by moderate financial performance and mixed technical indicators. While the company’s cash flow and shareholder value initiatives are strong, the high leverage and valuation concerns present potential risks. The absence of earnings call data means the evaluation primarily rests on past performance and strategic initiatives.
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 sector, providing a wide range of products and services for home renovation and DIY projects. The company focuses on offering quality materials and tools to both professional tradespeople and DIY enthusiasts.
Average Trading Volume: 996,627
Technical Sentiment Signal: Buy
Current Market Cap: £527.8M
For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.