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Wickes Group ( (GB:WIX) ) has shared an update.
Wickes Group PLC has announced the purchase of 101,507 of its own ordinary shares as part of an ongoing buyback program, with plans to cancel these shares. This move is part of a broader strategy that has seen the company repurchase a total of 8,606,783 shares, aiming to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
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, offering a range of products and services focused on home renovations and DIY projects. The company caters to both individual consumers and professional tradespeople, providing building materials, tools, and home improvement solutions.
Average Trading Volume: 545,800
Technical Sentiment Signal: Buy
Current Market Cap: £517.1M
For a thorough assessment of WIX stock, go to TipRanks’ Stock Analysis page.