Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Wickes Group ( (GB:WIX) ) has issued an update.
Wickes Group PLC has announced the purchase of 46,952 of its own 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 the company’s share capital, which will now consist of 236,481,531 shares, potentially impacting shareholder voting rights and interest calculations.
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 wide range of products and services for DIY enthusiasts and professional tradespeople. The company focuses on providing affordable solutions for home renovation and improvement projects.
Average Trading Volume: 831,288
Technical Sentiment Signal: Buy
Current Market Cap: £462.6M
See more insights into WIX stock on TipRanks’ Stock Analysis page.