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An update from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group plc, a company involved in the home improvement and building supplies industry, has announced the purchase of 70,000 of its ordinary shares at a weighted average price of 221.8512 pence per share through Investec Bank plc. This transaction is part of an ongoing buyback program, which has seen the company repurchase a total of 3,788,021 shares. The purchased shares will be canceled, resulting in a new total of 238,278,278 shares in issue. This move is expected to impact the company’s share capital structure and could influence shareholder voting rights calculations.
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.
Wickes Group’s overall score reflects a balanced view of its financial performance, technical outlook, and corporate actions. Strong cash flow and positive technical indicators are tempered by valuation concerns and high leverage. The active share buyback program supports shareholder value, adding positively to the outlook.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 972,222
Technical Sentiment Signal: Buy
Current Market Cap: £518.5M
Find detailed analytics on WIX stock on TipRanks’ Stock Analysis page.