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Wickes Group ( (GB:WIX) ) has provided an announcement.
Wickes Group PLC has announced the purchase of 83,157 of its ordinary shares at a price of 233 pence each as part of its ongoing share buyback programme. The company plans to cancel these shares, reducing its total issued share capital to 233,194,635 shares, which will also be the new total number of voting rights. This move is part of Wickes’ strategy to manage its capital structure and potentially enhance shareholder value.
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 home renovation and DIY projects. The company focuses on providing quality building materials and home improvement solutions to both consumers and trade professionals in the UK market.
Average Trading Volume: 541,625
Technical Sentiment Signal: Buy
Current Market Cap: £518.6M
Learn more about WIX stock on TipRanks’ Stock Analysis page.