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Wickes Group ( (GB:WIX) ) has issued an announcement.
Wickes Group PLC has announced the purchase of 45,067 of its own ordinary shares as part of its ongoing buyback program, with the intention to cancel these shares. This move is part of a broader strategy to manage its capital structure, which will result in a total issued share capital of 236,299,587 shares, potentially impacting shareholder voting rights and interest notifications.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £206.00 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 stock score is primarily influenced by moderate financial performance and weak technical indicators. The company’s strong cash flow generation is a positive factor, but high leverage and declining revenue growth pose risks. The stock’s valuation appears high, though the dividend yield offers some appeal. Overall, the stock faces challenges in market momentum and valuation, impacting its attractiveness.
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 and value to homeowners and tradespeople in the UK market.
Average Trading Volume: 817,657
Technical Sentiment Signal: Buy
Current Market Cap: £460.8M
See more insights into WIX stock on TipRanks’ Stock Analysis page.