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Wickes Group ( (GB:WIX) ) has issued an update.
Wickes Group PLC has repurchased 77,103 of its ordinary shares at a price of 236.50 pence each as part of its ongoing buyback program. This transaction is part of a larger effort that has seen the company buy back a total of 9,218,255 shares, which will be cancelled to reduce the total number of shares in circulation, potentially impacting shareholder voting rights and ownership percentages.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £235.00 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 is driven by strong technical momentum and positive corporate actions such as share buybacks. However, financial performance is moderate due to high leverage and inconsistent revenue growth. The valuation suggests potential overvaluation, but the dividend yield offers some compensation.
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 aimed at DIY enthusiasts and professional builders. The company focuses on providing tools, materials, and services for home renovation and construction projects.
Average Trading Volume: 521,035
Technical Sentiment Signal: Buy
Current Market Cap: £530.3M
For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.