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Wickes Group ( (GB:WIX) ) has provided an announcement.
Wickes Group PLC has 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 increases the total shares repurchased to 3,858,021, impacting the company’s share capital and potentially influencing shareholder voting rights.
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 Neutral.
Wickes Group’s overall score reflects a balanced view of its financial performance, technical outlook, and corporate actions. Strong cash flow and positive technical indicators are tempered by valuation concerns and high leverage. The active share buyback program supports shareholder value, adding positively to the 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 industry, providing a range of building materials, home improvement products, and services to both trade professionals and DIY enthusiasts. The company focuses on delivering quality products and services to enhance home improvement projects across the UK.
Average Trading Volume: 972,222
Technical Sentiment Signal: Buy
Current Market Cap: £518.5M
For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.