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Wickes Group ( (GB:WIX) ) has shared an announcement.
Wickes Group PLC has announced the purchase of 32,058 of its own ordinary shares at prices ranging from 213.50p to 215.50p per share, as part of its ongoing share buyback program. This transaction is part of a broader strategy to reduce the company’s share capital, with the total number of shares purchased under the program now reaching over 6.2 million. The cancellation of these shares will adjust the total voting rights, impacting shareholder calculations under regulatory disclosure rules.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £225.00 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 health with strong cash flow but challenges in revenue growth and high leverage. Technical indicators suggest potential resistance and bearish momentum, while valuation metrics indicate fair value with an attractive dividend yield. The absence of earnings call and corporate events data 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 industry, offering a wide range of home improvement products and services. The company focuses on providing DIY and home improvement solutions to consumers, with a strong presence in the UK market.
Average Trading Volume: 686,972
Technical Sentiment Signal: Buy
Current Market Cap: £484.2M
For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.