Wickes Group Advances Share Buyback Program with Latest Purchase

Wickes Group ( (GB:WIX) ) has shared an announcement.

Wickes Group PLC has announced the purchase of 63,488 of its ordinary shares as part of its ongoing buyback program, with plans to cancel these shares. This move is part of a broader strategy to reduce the company’s share capital, which now stands at 240,671,732 shares, enhancing shareholder value and adjusting the number of voting rights available.

Spark’s Take on GB:WIX Stock

According to Spark, TipRanks’ AI Analyst, GB:WIX is a Outperform.

Wickes Group scores a solid 71, reflecting moderate financial health with strong cash flow and technical indicators. The stock is supported by strategic corporate actions like share buybacks and a strong dividend yield, making it attractive for income-focused investors. However, challenges such as high leverage and declining revenue growth pose risks, requiring careful management to sustain long-term growth.

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 for home renovation and building projects. The company focuses on providing quality materials and tools for DIY enthusiasts and professional builders.

YTD Price Performance: 27.87%

Average Trading Volume: 1,112,975

Technical Sentiment Signal: Sell

Current Market Cap: £439M

Learn more about WIX stock on TipRanks’ Stock Analysis page.