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Wickes Group ( (GB:WIX) ) has provided an update.
Wickes Group PLC has announced the purchase and subsequent cancellation of 27,606 of its ordinary shares as part of its ongoing buyback program. This transaction, executed through Peel Hunt LLP, is part of a larger initiative that has seen the company repurchase a total of 8,407,338 shares. Following this latest buyback, Wickes’ issued share capital will consist of 233,658,961 shares, with no shares held in treasury, impacting the total number of voting rights available to shareholders.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £253.00 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.
The overall stock score of 65 reflects moderate financial health with strong cash flow generation but challenges in revenue growth and high leverage. The technical analysis indicates strong bullish momentum, which is a positive factor. However, the valuation suggests the stock may be slightly overvalued, which tempers the overall score.
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, providing a range of products and services for home renovation and DIY projects. The company focuses on offering a wide selection of building materials, tools, and home improvement solutions to both consumers and trade professionals.
Average Trading Volume: 519,378
Technical Sentiment Signal: Buy
Current Market Cap: £525.1M
See more data about WIX stock on TipRanks’ Stock Analysis page.