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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 sector, has announced the purchase of 48,699 of its own ordinary shares at prices ranging from 215.50p to 219.50p, with a weighted average price of 217.73p. This transaction is part of its ongoing share buyback programme, which has seen the company acquire a total of 6,936,795 shares to date. The purchased shares will be cancelled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares, which may impact shareholders’ voting rights and interest calculations.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £225.00 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 reflects moderate financial health with strong cash flow but challenges in revenue growth and high leverage. Technical indicators suggest potential resistance and bearish momentum, while valuation metrics indicate fair value with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 625,219
Technical Sentiment Signal: Buy
Current Market Cap: £489.2M
For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.