Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Wickes Group ( (GB:WIX) ) has issued an announcement.
Wickes Group PLC announced the purchase of 69,222 of its own ordinary shares as part of its ongoing buyback program, with plans to cancel these shares. This move will adjust the company’s issued share capital to 233,277,792 shares, impacting shareholder voting rights and potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £258.00 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 for DIY enthusiasts and professional tradespeople. The company focuses on providing building materials, home improvement products, and installation services, catering to both consumer and trade markets.
Average Trading Volume: 552,623
Technical Sentiment Signal: Buy
Current Market Cap: £530.9M
For an in-depth examination of WIX stock, go to TipRanks’ Overview page.