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Wickes Group ( (GB:WIX) ) just unveiled an announcement.
Wickes Group PLC has announced the purchase of 99,129 of its own ordinary shares as part of an ongoing buyback program. The company plans to cancel these shares, which will adjust its total issued share capital to 233,360,387 shares. This move is part of a broader strategy to manage its capital structure and may impact shareholder voting rights calculations.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £253.00 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.
The overall stock score of 65 reflects moderate financial health with strong cash flow generation but challenges in revenue growth and high leverage. The technical analysis indicates strong bullish momentum, which is a positive factor. However, the valuation suggests the stock may be slightly overvalued, which tempers the overall score.
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, providing a range of products and services for home renovation and maintenance. The company focuses on offering building materials, tools, and home improvement solutions to both DIY enthusiasts and professional tradespeople.
Average Trading Volume: 551,705
Technical Sentiment Signal: Buy
Current Market Cap: £528.9M
Find detailed analytics on WIX stock on TipRanks’ Stock Analysis page.