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An update from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group plc has announced the repurchase of 1,206 ordinary shares at prices ranging from 204.00 to 206.00 pence, with an average price of 204.8420 pence. This transaction is part of a broader buyback program, which has seen the company repurchase a total of 2,014,170 shares. The purchased shares will be cancelled, resulting in an updated issued share capital of 240,052,129 shares. This move is expected to impact the company’s share capital structure and may 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 Outperform.
Wickes Group’s stock score is bolstered by strong technical momentum and strategic corporate actions like share buybacks, which enhance value. While high leverage and revenue growth challenges exist, strong cash flow and a robust dividend yield support its appeal. Careful management of financial leverage and technical conditions will be key to sustaining its positive outlook.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 1,165,738
Technical Sentiment Signal: Buy
Current Market Cap: £464.1M
Learn more about WIX stock on TipRanks’ Stock Analysis page.