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An update from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group plc, a prominent player in the home improvement industry, has announced the purchase of 70,000 of its ordinary shares through Investec Bank plc as part of its ongoing share buyback program. The shares were acquired at prices ranging from 222.50 to 225.00 pence, with a weighted average price of 223.8045 pence. The company intends to cancel these shares, reducing its issued share capital to 238,554,792 shares, which will impact the voting rights and shareholding calculations for stakeholders.
The most recent analyst rating on (GB:WIX) stock is a Buy with a £2.40 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 most significant factors contributing to the score are the bullish technical indicators and positive corporate events, such as share buybacks, which enhance shareholder value. However, high leverage and valuation concerns slightly offset the positive sentiment.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 912,398
Technical Sentiment Signal: Buy
Current Market Cap: £516.9M
Find detailed analytics on WIX stock on TipRanks’ Stock Analysis page.