Wickes Group Continues Share Buyback Program

An update from Wickes Group ( (GB:WIX) ) is now available.

Wickes Group PLC announced the purchase of 70,000 of its ordinary shares as part of its ongoing buyback program, with plans to cancel these shares. This move is part of a broader strategy to manage its share capital, having repurchased over 2 million shares in total, which will adjust the total number of voting rights and potentially impact shareholder interests and market dynamics.

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

Wickes Group PLC operates in the home improvement retail industry, offering a range of products and services aimed at homeowners and tradespeople. The company focuses on providing building materials, home improvement products, and related services, catering primarily to the UK market.

Average Trading Volume: 1,147,893

Technical Sentiment Signal: Buy

Current Market Cap: £505.8M

For an in-depth examination of WIX stock, go to TipRanks’ Stock Analysis page.