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Wickes Group ( (GB:WIX) ) just unveiled an update.
Wickes Group PLC has announced the purchase of 19,746 of its own ordinary shares as part of an ongoing buyback program, with plans to cancel these shares. This move, which brings the total shares repurchased to over 5.3 million, aims to adjust the company’s share capital and may influence shareholder voting rights and market perception.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £226.00 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 performance with strong cash flow but high leverage and declining revenue growth. Technical analysis indicates a lack of strong momentum, and valuation is mixed with a high P/E ratio but a decent dividend yield. The absence of earnings call data and corporate events 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 range of products and services for home renovation and DIY projects. The company focuses on providing quality materials and solutions to homeowners and trade professionals.
Average Trading Volume: 829,550
Technical Sentiment Signal: Buy
Current Market Cap: £511.4M
For an in-depth examination of WIX stock, go to TipRanks’ Overview page.