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Wickes Group ( (GB:WIX) ) just unveiled an announcement.
Wickes Group PLC has announced the purchase of 20,052 of its ordinary shares as part of its ongoing buyback program, with plans to cancel these shares. This action reduces the company’s share capital to 234,355,880 shares, potentially impacting shareholder voting rights and signaling confidence in the company’s financial health.
The most recent analyst rating on (GB:WIX) stock is a Buy with a £275.00 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 retail industry, offering a range of products and services including DIY supplies, home improvement products, and installation services. The company focuses on providing value and convenience to homeowners and tradespeople in the UK market.
Average Trading Volume: 543,990
Technical Sentiment Signal: Buy
Current Market Cap: £490.8M
Find detailed analytics on WIX stock on TipRanks’ Stock Analysis page.