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Wickes Group ( (GB:WIX) ) has issued an announcement.
Wickes Group PLC has announced the purchase of 70,003 of its own ordinary shares as part of its ongoing buyback program. This transaction, executed through Peel Hunt LLP, is part of a broader strategy to manage its share capital, with a total of 7,850,551 shares repurchased since the program’s inception. The purchased shares will be canceled, reducing the company’s issued share capital to 234,215,748 shares, thus affecting the voting rights and potentially the shareholding structure under the Financial Conduct Authority’s rules.
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 industry, offering a range of products and services for home renovation and maintenance. The company focuses on providing quality building materials and DIY solutions to consumers and professionals in the UK market.
Average Trading Volume: 542,128
Technical Sentiment Signal: Strong Buy
Current Market Cap: £480.6M
For an in-depth examination of WIX stock, go to TipRanks’ Overview page.