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An announcement from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group plc has announced the purchase of 69,593 of its ordinary shares at prices ranging from 198 to 200 pence per share, with an average price of 199.3891 pence. This transaction is part of a larger share buyback program, which has seen the company repurchase a total of 1,878,340 shares. The purchased shares will be canceled, resulting in a total issued share capital of 240,187,959 shares, which will also be the number of voting rights in the company. This move is likely aimed at enhancing shareholder value and adjusting the company’s capital structure.
Spark’s Take on GB:WIX Stock
According to Spark, TipRanks’ AI Analyst, GB:WIX is a Outperform.
Wickes Group’s stock score reflects its strong technical momentum and strategic corporate actions like share buybacks that enhance shareholder value. While financial performance is moderate with high leverage and declining revenue growth, the stock’s attractive dividend yield supports its valuation appeal. The company’s ability to manage leverage and sustain operational efficiency will be critical for maintaining this positive outlook.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 1,093,988
Technical Sentiment Signal: Buy
Current Market Cap: £469.2M
See more data about WIX stock on TipRanks’ Stock Analysis page.